The first is the collapse
of the bond insurance firms.
I say the Feds should backstop the current policies and stop the «business»
of bond insurance.
Neither the preliminary rating opinion letter nor the credit ratings should reflect the use
of bond insurance or other credit enhancement that does not also secure the TIFIA credit instrument.
Not exact matches
She ticks off her startup expenses: «You need significant amounts
of insurance, there are dealer licensing provisions, and you've got to get your
bonds secured, refit the building and invest in inventory.»
There are often several types
of licenses — auction dealers, new - car dealers, used - car dealers and salesperson licenses — but for any type
of car dealer's license, you typically need a physical location and signage for your business, a surety
bond and
insurance.
His legal background proved invaluable in 1991, when the state
of California and its
insurance commissioner John Garamendi seized Raleigh's then - financial partner Executive Life Insurance Company after the value of the insurer's multibillion - dollar portfolio collapsed — a fate tied to its massive investments in the junk bond market of the go -
insurance commissioner John Garamendi seized Raleigh's then - financial partner Executive Life
Insurance Company after the value of the insurer's multibillion - dollar portfolio collapsed — a fate tied to its massive investments in the junk bond market of the go -
Insurance Company after the value
of the insurer's multibillion - dollar portfolio collapsed — a fate tied to its massive investments in the junk
bond market
of the go - go 1980s.
Bond & Specialty
Insurance — Bond & Specialty Insurance provides surety, fidelity, management liability, professional liability, and other property and casualty coverages and related risk management services to its customers in the United States and certain specialty insurance products in Canada, the United Kingdom, the Republic of Ireland and Brazil, utilizing various degrees of financially - based underwriting ap
Insurance —
Bond & Specialty
Insurance provides surety, fidelity, management liability, professional liability, and other property and casualty coverages and related risk management services to its customers in the United States and certain specialty insurance products in Canada, the United Kingdom, the Republic of Ireland and Brazil, utilizing various degrees of financially - based underwriting ap
Insurance provides surety, fidelity, management liability, professional liability, and other property and casualty coverages and related risk management services to its customers in the United States and certain specialty
insurance products in Canada, the United Kingdom, the Republic of Ireland and Brazil, utilizing various degrees of financially - based underwriting ap
insurance products in Canada, the United Kingdom, the Republic
of Ireland and Brazil, utilizing various degrees
of financially - based underwriting approaches.
For Business
Insurance and
Bond & Specialty
Insurance, retention is the amount
of premium available for renewal that was retained, excluding rate and exposure changes.
As a result, risky asset classes such as equities and commodities will be assigned much higher reserve requirements than
bonds, which is why some
insurance industry players are already dumping equities to hold a greater proportion
of bonds.
According to the Global Market Strategy team at JP Morgan, pension funds and
insurance companies in the G4 - United States, euro zone, Japan and Britain - will buy at least $ 640 billion
of bonds this year.
Two companies that guaranteed payments on Detroit
bonds, Syncora Guarantee Inc and Financial Guaranty
Insurance Co, received options to develop parcels
of land.
«Once a year I sit down with my banker, my attorney, and representatives
of my
bonding company and my
insurance company for a «state -
of - the - state» analysis
of our company.
The agency, created in 1946 to build houses for veterans
of the Second World War, liked to describe itself as the «heart
of housing» — an enormous Crown corporation that dominated the mortgage
insurance market, guaranteed complex,
bond - like assets called mortgage - backed securities, and subsidized the building and upkeep
of First Nations and social housing.
the stated value
of an investment at maturity; includes
bonds, life
insurance policies, bank notes, currency, some stocks, and other securities; typically $ 1,000 for a corporate
bond
Progress in a few areas has been solid: slashing
of bureaucratic red tape has led to a surge in new private businesses; full liberalization
of interest rates seems likely following the introduction
of bank deposit
insurance in May; Rmb 2 trillion (US$ 325 billion)
of local government debt is being sensibly restructured into long - term
bonds; tighter environmental regulation and more stringent resource taxes have contributed to a surprising two - year decline in China's consumption
of coal.
Bloomberg also said that fund manager Bill Gross raised the amount
of insurance the fund provides on sovereign debt and invested $ 1.3 billion into Italian Treasury
bonds linked to inflation.
But there are 2 factors to consider in the muni market: First, banks and
insurance companies held 28 %
of the municipal
bonds on the market as
of the second quarter
of 2017.
Climate
Bonds Initiative's mission is to grow capital into climate solutions by promoting green bonds to investors, primarily pension and insurance funds filled with trillions of dollars of investment - ready cap
Bonds Initiative's mission is to grow capital into climate solutions by promoting green
bonds to investors, primarily pension and insurance funds filled with trillions of dollars of investment - ready cap
bonds to investors, primarily pension and
insurance funds filled with trillions
of dollars
of investment - ready capital.
And instead
of printing new treasury
bonds to give away in exchange for these bad mortgages it would have established simply a line
of credit which at first would have been the same thing but the credit would have been repaid not only by the banks that borrowed but by all the banks in the country paying
insurance — essentially bank
insurance.
Nobody is going to give us $ 5,000 because on a teeny little base, suppose we got 10 people to say, «gee, this is great, we'll ensure 10 billion dollars worth
of bonds,» we'd end up with $ 50,000, and then the
bonds would go under and people would come to us for
insurance.
Two companies that guaranteed payments on Detroit
bonds and were the last major holdout creditors in the case, Syncora Guarantee Inc [SYCRFS.UL] and Financial Guaranty
Insurance Co [FGIC.UL], received options to develop parcels
of land.
Well, the banks now, if they're buying a
bond of Greece or somewhere else, all
of a sudden they have to pay huge risk
insurance premiums in order to protect themselves against the fact that Greece may simply say, «Look.
10 percent cash 50 percent investing (60/40 mix
of equities /
bonds with 15 percent in tax - free ROTH IRA) 25 percent real estate (our downsized retirement home is free
of any mortgage) 15 percent life
insurance (Vanguard variable annuity — no eating dog food in our dotage)
«Our business is not about selling a stock, a
bond, a mutual fund and
insurance,» says David Lane, managing principal
of the investment firm Edward Jones Canada.
One
of the reasons that people have been willing to buy Greek
bonds is they bought credit
insurance.
It did this by allowing banks, investment banks, and
insurance companies to deduct half
of the lender's interest income in computing their own corporate taxes for loans or structured
bonds to corporations to access credit to finance ESOPs for broad groups
of employees.
Property and casualty
insurance companies invest a substantial percentage
of book value and policyholder «float,» which is money they hold until policy claims are paid out but do not own, in investment - grade
bonds, particularly corporate
bonds.
Portfolio
insurance should focus on the risk
of a sharp rise in
bond yields that results in a decline in the valuation
of broad assets.
Finally, some brokerages ensure the safety
of traders» funds through fidelity
bonds placed with
insurance companies.
And if the fiscal problem becomes unstable — more deficit to finance than security markets will allow, the Fed will obey its political masters and finance the deficit by a hyper - inflation, or hyper - tax, as a burgeoning inflation simply taxes all fixed dollar wealth —
bonds, dollars, life
insurance values, etc. — by the rate
of price level increase.
Bloomberg reports that the cost
of insurance on Mexico's
bonds has surged, an indication that the markets are losing a bit
of confidence in the creditworthiness
of Mexican debt.
As you are all no doubt aware, there has been quite a lot
of discussion in recent weeks about the mortgage
insurance and
bond insurance sector.
At that point,
bonds of the holding company would suffer further, because the
insurance commissioners will carefully watch any dividending up to the AIG holding company.
That is why it is advisable to go for insured municipal
bonds so that the
insurance firm or company will be responsible for payment
of your interest and principal if the municipal fails to pay up.
RIAs are eligible to participate in the Program if they represent to Fidelity Investments that they meet the following criteria: (1) RIA is an investment adviser registered and in good standing with the U.S. Securities and Exchange Commission and / or any applicable state securities regulatory authorities or is exempt from such registration; (2) RIA's representatives who provide services to referred clients are appropriately registered / licensed as «Investment Advisers Representatives» in required jurisdictions; (3) RIA charges fee - based, asset - based, or flat - rate investment advisory service fees (which may include hourly fees); (4) RIA will maintain a minimum
of $ 350,000,000 in total regulatory assets under management, as reported in response to Item 5 in Part 1A
of the RIA's Form ADV, throughout the duration
of RIA's participation in the Program; (5) RIA and all associated persons
of the RIA who manage client assets or who supervise such associated persons shall at all times be covered through both Errors and Omissions Liability
Insurance and Fidelity
Bond Coverage; and (6) RIA maintains a minimum
of two principals or officers as well as a minimum
of five employees.
Those increases have drawn the notice
of institutional investors, such as pension funds and
insurance companies, which have turned to real estate as low interest rates have reduced returns from other steady investments, such as
bonds.
Examples
of will substitutes include: life
insurance, retirement accounts, annuities, custodial accounts, trusts, government savings
bonds, property held by joint tenancy, property transferred by deeds
of title or gifts, and payable - on - death or transfer - on - death accounts.
Lower corporate tax rates reduce the tax - exempt appeal
of muni
bonds to banks and
insurance companies, which had been significant buyers.
Note that stocks and Treasury
bonds differ in investment objectives, costs and expenses, liquidity, safety, guarantees or
insurance, fluctuation
of principal or return, and tax features.
The
insurance companies have promised to make timely interest and principal payments on any
bonds covered by
insurance if Puerto Rico defaults, said Rob Williams, director
of income planning at the Schwab Center for Financial Research.
Even more unusual, most
of this money is not in
bonds or stock in other peoples» companies but is invested directly in church - owned, for - profit concerns, the largest
of which are in agribusiness, media,
insurance, travel and real estate.
This bill would provide up to 12 weeks
of disability benefit payments through the state's mandatory disability
insurance system to non-disabled employees for the purposes
of continuous or intermittent child
bonding and caring for ill family members.
To ensure that MWBEs have the opportunity to earn their fair share
of the state's business, Governor Cuomo directed state agencies to double the current MWBE participation goal from 10 to 20 percent, ease
bonding restrictions that they will face, and expand the Owner - Controlled
Insurance Program model to improve opportunities for small businesses.
To ensure that MWBE's have the opportunity to earn their fair share
of the State's business, Governor Cuomo directed State agencies to double the current MWBE participation goal from 10 to 20 percent and ease
bonding restrictions that they will face and expand the Owner - Controlled
Insurance Program model to expand opportunities for small businesses.
While Latimer, 62, said he would entertain supporting the maintenance to the state's infrastructure through
bond issuance, Killian pointed to the elimination
of New York state's Scaffold Law — which establishes contractors» «absolute liability» for elevation - related injuries and contributes to costly
insurance rates in addition to lawsuits — as a major point for reform.
HCR's Housing Finance Agency provided $ 8.3 million through tax exempt
bonds, a $ 2.9 million Medicaid Redesign Team loan, and mortgage
insurance through the State
of New York Mortgage Agency; $ 1.5 million loan from OTDA's Homeless Housing Assistance Program; $ 1 million loan from the Federal Home Loan Bank
of New York; about $ 5 million in Low Income Housing Tax Credit equity; $ 1.9 million in estimated New York State Historic Tax Credit equity and about $ 2.9 million in Federal Historic Tax Credit equity.
Tagged with:
bond insurance League
of Wisconsin Municipalities National League
of Cities Sun Prairie
Skelos also sought to aid his son in helping him procure title
insurance work related to the refinancing
of hundreds
of millions
of dollars worth
of bonds for an unnamed Long Island Hospital system, a refinancing that required the approval
of the Nassau County Industrial Development Agency, a public authority.
So the National League
of Cities is asking the federal government for $ 5 billion to create a public company to provide
bond insurance.
Using green
bonds and modified
insurance portfolios If the top financial layer includes big institutional investors and banks, then a second tier
of untapped finance lies with
insurance companies extending policies to the most vulnerable populations in the developing world.