News

Britain has refused to bankroll a fund to subsidize insurance for households in flood-prone areas, derailing talks over the scheme and potentially leaving 200,000 homes without protection.

Britain has refused to bankroll a fund to subsidize insurance for households in flood-prone areas, derailing talks over the scheme and potentially leaving 200,000 homes without protection.

MBIA Inc shares rose nearly 9 percent on Monday after the bond insurer said it had changed the terms of some of its debt to avoid what it called a possible default.

The U.S. Supreme Court on Monday revived a challenge t o P resident Barack Obama's healthcare reforms, allowing a Christian college to pursue litigation raising First Amendment objections to a law that the court mostly upheld in June.

U.S data aggregator Property Claims Service (PCS) is putting insured losses from superstorm Sandy at $11 billion, which currently leaves catastrophe bond investors safe from losses - but experts say the figure is likely to rise.

Once again the giving season has descended upon us like a Harpie from the seventh circle of hell. If you are reading this we will assume that you have some sort of interest or career in information technology so you need to be prepared to give appropriate geek gifts....