NYC Lost $9 Billion of Income to Miami, Palm Beach in Five Years May 6, 2025 By Michelle Kaske and Laura Nahmias A net 30,000 New Yorkers fled the city for Florida’s Palm Beach and Miami-Dade counties in the five years through...
New York City Subway Flood-Protection Projects Behind Schedule, Audit Says October 5, 2023 By Michelle Kaske Some projects designed to make New York City’s transit system more resilient in severe weather are behind schedule or over...
Bond Insurer Urges Receiver for Puerto Rico’s Bankrupt Utility July 20, 2018 By Michelle Kaske MBIA Inc.’s National Public Finance Guarantee is urging Puerto Rico’s federal board to consider putting a receiver in charge of...
Financially-Strapped Puerto Rico Faces Hurricane Maria After $1 Billion Hit by Irma September 19, 2017 By Michelle Kaske and Alexander Lopez Two weeks ago, Puerto Rico was spared a devastating hit when Hurricane Irma ripped up the Caribbean. This time, it...
Insurers with Big Stake Buy Puerto Rico Bonds March 13, 2016 By Michelle Kaske The companies with the most at stake in Puerto Rico’s debt crisis have become buyers of the island’s bonds. MBIA...
Bankruptcy Would Be ‘Huge Mistake’ for Puerto Rico, Says Bond Insurer February 12, 2016 By Michelle Kaske and Alexander Lopez The question of whether bankruptcy is a good option for Puerto Rico came to a head at an investor conference...
New York Train Crash Investigators Ask Why SUV Stopped on Tracks February 5, 2015 By Alan Levin, Freeman Klopott and Michelle Kaske Federal investigators are trying to determine why a woman driving a Mercedes-Benz sport-utility vehicle stopped in the middle of railroad...
Transportation Safety Board Investigating New York Train Crash February 4, 2015 By Michelle Kaske The National Transportation Safety Board is investigating the fiery rush-hour crash of a New York commuter train in Westchester County...
New York Commuter Train in Deadly Crash February 4, 2015 By Michelle Kaske A northbound Metro-North Railroad train ferrying commuters from New York City struck a car during evening rush hour Tuesday in...
Municipal Bond Insurance Sales Expected to Rise With Interest Rates April 13, 2014 By Michelle Kaske Demand for municipal bond insurance is poised to increase as rising interest rates reduce investor appetite for riskier state and...