Municipal Defaults — Already 21 in 2012 — Another Blow for Bond Insurers
A growing number of U.S. cities are choosing to fund essential services like public safety and garbage collection over making payments on their outstanding debt, as rising costs and falling revenue...
View ArticleMeteorologist: Tornado Near Stockton, Calif. Not Unusual
The National Weather Service says the tornado that struck five miles outside of Stockton, Calif. on Wednesday was not unusual for this time of year. The twister on farmland near Interstate 5 left a...
View ArticleStockton, California’s Insured Debt Proves Alluring
About half of the $700 million of debt issued by bankrupt Stockton, California, is insured and a few traders have carried on some speculative purchases of its bonds, investors said on Thursday....
View ArticleXL Group’s Marine Insurance Team Expands in Chicago
The Marine insurance operation of XL Group plc has expanded its regional underwriting capabilities in Chicago, adding Pete Shepeck, Brian Stockton and Jeannine Liebig to its team. Shepeck joins XL as...
View ArticlePossible Resurgence in California’s ‘IE’ Peaks Agent Interests
Known as “the 909,” or “the IE” by Southern Californians, terms sometimes intended as a slight, the sprawling desert area east of Los Angeles was a boomtown for commercial and residential development...
View ArticleCalifornia City and Assured Guaranty Reach Bankruptcy Exit Deal
Stockton, Calif. and Assured Guaranty have reached an agreement to restructure more than $150 million of outstanding debt to help the city exit from bankruptcy, a top city official and the bond insurer...
View ArticleStockton Bankruptcy Exit Trial Starts Today
The bankrupt city of Stockton, California, will face off against a holdout creditor this week in a closely watched municipal bankruptcy case pitting the rights of impaired bondholders against retirees...
View ArticleMunicipal Defaults — Already 21 in 2012 — Another Blow for Bond Insurers
A growing number of U.S. cities are choosing to fund essential services like public safety and garbage collection over making payments on their outstanding debt, as rising costs and falling revenue...
View ArticleMeteorologist: Tornado Near Stockton, Calif. Not Unusual
The National Weather Service says the tornado that struck five miles outside of Stockton, Calif. on Wednesday was not unusual for this time of year. The twister on farmland near Interstate 5 left a...
View ArticleStockton, California’s Insured Debt Proves Alluring
About half of the $700 million of debt issued by bankrupt Stockton, California, is insured and a few traders have carried on some speculative purchases of its bonds, investors said on Thursday....
View ArticleXL Group’s Marine Insurance Team Expands in Chicago
The Marine insurance operation of XL Group plc has expanded its regional underwriting capabilities in Chicago, adding Pete Shepeck, Brian Stockton and Jeannine Liebig to its team. Shepeck joins XL as...
View ArticlePossible Resurgence in California’s Inland Empire Interests Agents
Known as “the 909,” or “the IE” by Southern Californians, terms sometimes intended as a slight, the sprawling desert area east of Los Angeles was a boomtown for commercial and residential development...
View ArticleCalifornia City and Assured Guaranty Reach Bankruptcy Exit Deal
Stockton, Calif. and Assured Guaranty have reached an agreement to restructure more than $150 million of outstanding debt to help the city exit from bankruptcy, a top city official and the bond insurer...
View ArticleStockton Bankruptcy Exit Trial Starts Today
The bankrupt city of Stockton, California, will face off against a holdout creditor this week in a closely watched municipal bankruptcy case pitting the rights of impaired bondholders against retirees...
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