Is Equifax’s Cyber Insurance Enough to Cover Breach? September 11, 2017 By Sonali Basak Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the...
Irma’s Shift Westward Caught Some by Surprise September 10, 2017 By Sonali Basak, Noah Buhayar and Bailey Lipschultz Hurricane Irma’s westward shift will probably inflict heightened damage on people and businesses unable to adjust to its new path...
Hedge Funds Overseeing Cat Bonds Try to Remain Calm Over Irma September 8, 2017 By Sonali Basak Greg Hagood didn’t have many details to work with on Thursday afternoon. Hurricane Irma wasn’t expected to make landfall in...
As Irma Looms, This Small Insurer Has an Outsized Bet on Florida September 7, 2017 By Noah Buhayar and Sonali Basak As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big...
Harvey’s Catastrophic Costs Mount; Many Lack Adequate Insurance August 28, 2017 By Sonali Basak Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe — with damages likely to stretch into...
How Hurricane Harvey Is Affecting Catastrophe Bonds August 27, 2017 By Noah Buhayar and Sonali Basak Bonds tied to weather risks tumbled the most in seven months as Hurricane Harvey advanced on Texas’s Gulf Coast. The...
AmTrust Gets $300M Boost from CEO’s Family May 30, 2017 By Sonali Basak AmTrust Financial Services Inc., the provider of workers’ compensation insurance, surged in New York trading after members of the chief...
Bermuda Can Withstand Trump’s U.S. Tax Plans, Says Premier Dunkley May 24, 2017 By Sonali Basak and Katherine Chiglinsky Bermuda Premier Michael Dunkley said the nation will be able to attract businesses even as U.S. President Donald Trump plans...
AIG Shareholders Wait Their Turn May 16, 2017 By Anders Melin and Sonali Basak Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers, Warren Buffett and even departing executives....
Berkshire’s $10 Billion Deal wth AIG Attractive Because It’s Risky: Munger May 8, 2017 By Sonali Basak and Noah Buhayar Charles Munger, the vice chairman of Warren Buffett’s Berkshire Hathaway Inc., said the decision to take on insurance liabilities from...