Rating organ Moody’s Investors Service said this morning that while there are multiple factors driving up reinsurance pricing, one of them is the increased focus on returns in the insurance-linked securities (ILS) investor and ILS manager community.Achieving sustainable and positive returns over the long-term has unchangingly been the goal of

President Donald Trump promised the federal government will award $3.7 billion to Puerto Rico for water and sewer infrastructure repairs to recover from Hurricane Maria. Hurricane Maria, which hit Puerto Rico in September 2017, was the most damaging hurricane for the island since the 1930s.

“For too long, much-needed help has

Puerto Rico legislators in the party with a plurality of seats in both legislative bodies are seeking changes to labor laws, such as raising the minimum wage and increasing the number of vacation and sick days for workers, which some say may negatively affect the local economy. Popular Democratic Party

Federal Reserve officials unanimously backed holding the pace of asset purchases steady when they met last month. “All participants judged that it would be appropriate to continue those purchases at least at the current pace, and nearly all favored maintaining the current composition of purchases,” according to minutes of their Dec.

Revenue Procedure 2021-10 will be published

The process of getting $25 billion to renters and landlords is expected to be easier and faster compared to past federal aid, creating housing and utility stability for revenue and property tax-backed bonds. The U.S. Treasury listed cities and counties eligible for the Emergency Rental Assistance Program as well as a

On a day when a pro-Trump mob breached the U.S. Capitol and overtook the House and Senate chambers, markets were still digesting what was transpiring in Washington. As of press time, the National Guard was headed to the Capitol that was still occupied. Municipal bond yields rose one to two basis

Denver Public Schools on Thursday will price $450 million of new money bonds authorized by voters two months ago. The school building bonds, pricing through negotiation with book runner RBC Capital Markets, are listed under the name School District 1 of the City and County of Denver. Fiscal Strategies Group and Public