A new state law will make it harder for hurricane victims to sue insurers for payment of claims.
They plan to shift to bonds in coming years to lock in gains and limit the potential for big losses, says Wells Fargo.
Insurers would fare even worse now if markets crashed hard than they did in 2008, BlackRock says.
Damages are likely to stretch into tens of billions. An unusually large share of victims lack adequate insurance.
These funds have entered the mainstream and are gaining popularity among the wealthy.
New rules could make it cheaper and easier to include bond ETFs in insurance portfolios.
The reticence was notable considering John Paulson is a member of the AIG board of directors.
Hancock is stepping down as CEO, following a long line of leaders at AIG who found it easier to make promises than deliver.
Billionaire Warren Buffett said the GOP's border tax proposal “would be a big sales tax.”
The hedge fund manager is betting that gold will rebound as investors guard against inflation risk.
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