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Private Credit Could Amplify Shock in Next Crisis, Fitch Says

1 month 3 weeks ago
Private credit could be a “meaningful” transmission channel during the next crisis, amplifying a systemic shock to the financial system with negative repercussions for a broad range of investors, according to Fitch Ratings. The fast-growing asset class has already exhibited …
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Lawmakers Press FEMA on the Future of US Flood Insurance

1 month 4 weeks ago
Two Democratic lawmakers are pressing the Trump administration about its management of the National Flood Insurance Program after cuts at the agency that runs it, the Federal Emergency Management Agency. In a letter to FEMA’s Acting Administrator David Richardson that …
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Gallagher Sues Two Former Brokers Who Started Own Firm

1 month 4 weeks ago
Global insurance brokers Arthur J. Gallagher is suing two former employees who left to start their own New York brokerage firm for allegedly soliciting Gallagher clients and using confidential information in violation of their employment agreements. Gallagher claims that James …