Cat Bonds Linked to Wildfires Lose ‘Once Untouchable’ Status December 23, 2025 By Gautam Naik Alternative investment managers are starting to take a serious interest in catastrophe bonds tied to wildfires, moving into a risk...
Beryl-Battered Grenada Becomes First to Utilize Government Bond Hurricane Clause August 20, 2024 By Marc Jones Grenada has become the first country in the world to use a so-called hurricane clause in a government bond —...
Louisiana Bailout Fund to Borrow $600M to Pay Insurer Claims July 19, 2022 NEW ORLEANS (AP) — A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust...
Virginia Beach Confronts Inescapable Costs of Rising Seas November 1, 2021 By Ben Finley VIRGINIA BEACH, Va. (AP) — Voters in the sprawling coastal city of Virginia Beach will decide whether to approve one...
Florida Seizes on Low Rates for Hurricane Fund as Storms Start September 2, 2020 By Danielle Moran With hurricane season barreling down on Florida, the state is seizing on low interest rates to borrow $2.25 billion for...
Japan Approves Tepco Nuclear Claims Plan; Banks’ Help Eyed May 13, 2011 By Kiyoshi Takenaka and Yoko Kubota Japan’s government agreed on Friday to set up a fund with taxpayer money to help Tokyo Electric Power compensate victims...