A federal judge is days away from deciding if New York developer Larry Silverstein can recover as much as $3.5 billion from airlines for damages to the World Trade Center on Sept. 11, 2001, on top of more than $4 billion he has received from insurers.

New York's Metropolitan Transportation Authority (MTA), the biggest transportation network in North America, is selling a $125 million catastrophe bond designed to cover the costs of damage from a future storm or hurricane.

Former American International Group Chief Executive Maurice "Hank" Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, according to the lawsuit.

Former American International Group Chief Executive Maurice "Hank" Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, according to the lawsuit.

The way the railway industry does business in Canada will be transformed by the Transportation Safety Board's investigation into the deadly train derailment that demolished the heart of the Quebec town of Lac-Megantic, TSB investigator Glen Pilonsaid on Friday.

British life insurer Phoenix Group is in talks to buy the Admin Re unit of Swiss Re, re-starting its drive to consolidate the sector and achieve savings after a hiatus caused by its heavy debts.

British life insurer Phoenix Group is in talks to buy the Admin Re unit of Swiss Re, re-starting its drive to consolidate the sector and achieve savings after a hiatus caused by its heavy debts.

Ambac Assurance Corp joined growing opposition to a proposal by Detroit's emergency manager to default on certain bonds, including some the city backed with a pledge of its full faith and credit when they were sold, and warned that a default on them would hinder its ability to borrow in...