There was a time when investing in <-bsp-bb-link state="{"bbHref":"bbg://news/topics/CAT","_id":"00000190-48be-d497-a7fb-ecbf907c0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">catastrophe bonds was the preserve of hedge funds and other sophisticated alternative asset managers. But after underpinning the best hedge fund strategy of 2023, the bonds are finding a wider audience.
A weeklong heat wave that has baked the Mid-Atlantic region from Washington to New York City will be followed late Sunday by more forecasts of extreme weather, including severe thunderstorms and possible tornadoes.
A group that claims to have hacked <-bsp-bb-link state="{"bbHref":"bbg://securities/1282916D%20US%20Equity/CN","_id":"00000190-4787-d497-a7fb-ef8f49610000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">CDK Global, the software provider to thousands of car dealerships in North America, has demanded tens of millions of dollars in ransom, according to a person familiar with the matter.
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California’s lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the US. Now, challenges securing and affording home insurance in the wildfire-prone state are making it even worse.
Singapore has turned into a hive of activity for mergers and acquisitions this quarter as investor confidence returns, helped by relative economic and political stability.
Bond investors are set to impose a higher interest rate on French government borrowing for years, in a regime change that could have far reaching consequences for Europe’s second largest economy.
A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?
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