Insurance News
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Tornadoes that struck the U.S. from May 18 to May 20, including one that devastated a suburb of Oklahoma City, probably cost insurers between $2 billion and $5 billion, according to catastrophe risk modeler Eqecat.
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Lender Processing Services Inc., the company said to be in talks to sell itself to its former owner, could leave shareholders where they started in 2008 if the mortgage-services provider completes its round-trip journey.
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Health insurer Health Net Inc.’s low California premiums run the risk of attracting a sicker clientele that may backfire by driving up its medical costs.
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J. Kyle Bass, whose Hayman Advisors LP made $500 million amid the U.S. subprime crisis, said the Bank of Japan will have to “dramatically” increase bond-buying efforts that have been “overwhelmed” by investors selling.
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