Florida’s government-run insurance system has amassed record cash reserves as hurricanes bypassed the state since 2005. That hasn’t helped investors in its bonds, with some trailing benchmarks by the most since February.
Colorado’s worst flooding in half a century killed eight people, destroyed thousands of homes and wiped out hundreds of miles of roads, yet it hasn’t damped enthusiasm in 11 counties to secede from the state.
In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.