Municipal bond investors were in a wary frame of mind Monday as they waited to learn whether ratings agencies will downgrade some ailing bond insurers. Uncertainty about the fate of the companies that insure municipal bonds has cast a pall …
Pres. George W. Bush has recommended nearly $5.8 billion in federal money for levee work in the New Orleans area, but the state would have to contribute about $1.5 billion – a request some Louisiana leaders consider too steep for …
A series of fires in Rhode Island has exhausted the state Red Cross’ fund for emergency assistance. CEO John Holt says the agency helped 247 people in December and January, compared with 133 people during the same period last year. …
Standard & Poor’s Ratings Services indicated that “any further deterioration in the credit quality of monoline insurance companies will generally have limited impact on Japanese financial institutions, if such deterioration remains within expectations.” In a detailed analysis of the ongoing …
Democrat Hillary Rodham Clinton said she might be willing to have workers’ wages garnisheed if they refuse to buy health insurance to achieve coverage for all Americans. The New York senator has criticized presidential rival Barack Obama for pushing a …
Mercator Risk Services, a specialty wholesale insurance broker, acquired Tennant Risk Services Insurance Agency LLC, a Hartford, Conn.-based wholesale broker and underwriting manager. Terms of the transaction were not disclosed. Tennant Risk Services specializes in errors and omissions, directors and …
Advisory firm Perella Weinberg Partners, hired by New York state to help find investment capital for cash-strapped bond insurers, is facing both skeptical lenders and time constraints. The situation is so dire, however, their strongest leverage may be the size …
China’s financial capital saw fresh snowfall Wednesday as the impact of unusually wintry weather deepened, highlighting the vulnerabilities of the country’s booming economy. Heavy snows in recent days have stalled shipments of food and fuel, complicating authorities’ efforts to combat …
Farmers Group Inc. says it plans to recruit and train 400 new agents in the Milwaukee and Madison areas in an expansion that the insurer says could ultimately create 1,000 new jobs in Wisconsin. The company will invest about $20 …
The Chubb Group of Insurance Companies has joined the American Council On Renewable Energy and the U.S. Green Building Council. Peter Thompson, vice president, Chubb & Son, and worldwide energy manager for Chubb Commercial Insurance, said Chubb became a member …
