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May 17, 2010
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California's Prop. 17 aims to alter auto insurance

by The Sacramento Bee - May 17,2010

Californians thought they had settled this already. But with Proposition 17, an initiative on the June 8 ballot, voters are being asked once again to set the rules governing auto insurance in California and how it's priced. In ... [full story]

Rig owner seeks to cap liability, cites insurer advice

by Reuters - May 17,2010

HOUSTON (Reuters) Transocean Ltd., owner of the Deepwater Horizon rig that exploded and sank last month, wants to limit its liability for the accident to about $27 million, according to a U.S. court filing Thursday. With analysts anticipating many ... [full story]

Insurers Drag Bonds to Worst Since December

by Bloomberg.com - May 17,2010

(Bloomberg) -- Insurers are leading the first monthly decline for corporate bonds since December on speculation they face losses on sovereign debt just as cleanup costs for the Gulf of Mexico oil spill loom. American International Group Inc. and ... [full story]

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