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Detroit's path through bankruptcy began to take shape on Tuesday, with a second bond insurance firm ready to drop its objections to a controversial city financing plan, joining another bond insurer, bondholders and a committee of retired city workers in reaching agreements with the city.

The easing of a ban on European insurance for shipments of Iranian oil may lift Iran's crude exports to big oil buyers in Asia, including India and China.

Agents need to ensure that wealthy clients understand and address the critical issues facing their assets. Read seven tips from ACE Private Risk Services and Trov.

Agents need to ensure that wealthy clients understand and address the critical issues facing their assets. Read seven tips from ACE Private Risk Services and Trov.

Two insurance companies that guaranteed payments on Detroit's voter-approved general obligation bonds sued the city in U.S. Bankruptcy Court on Friday over its Oct. 1 default on $9.37 million in payments due to bondholders.

Two insurance companies that guaranteed payments on Detroit's voter-approved general obligation bonds sued the city in U.S. Bankruptcy Court on Friday over its Oct. 1 default on $9.37 million in payments due to bondholders.

On Oct. 29, 2012, Superstorm Sandy swept through New Jersey and New York City, leaving behind extensive flood damage, power outages, and displaced people. Click to see images comparing the damage from Sandy one year ago with its present state.

Bermuda-based insurer Catlin Group's profit dropped by more than a third in the first-half as higher interest rates hurt the value of its fixed-income portfolio, taking the shine off an otherwise solid underwriting performance.