Bloomberg Business

Florida’s ‘Last Resort’ Property Insurer Is Now State’s Biggest

Florida is the fastest-growing US state and, with more than 8,000 miles (12,875 kilometers) of coastline, one of the most prone to natural disaster. Now, with peak hurricane season approaching, a nonprofit created as an insurer of last resort has emerged as the state’s primary bulwark against damage and destruction.

Petrobras Sees Flurry of Analyst Stock Downgrades on Policy Concerns

Petroleo Brasileiro SA investors who’ve ridden a 25% rally in shares this year are now confronted with a wave of analyst downgrades on concern that below-market fuel prices and higher spending will erode what’s been a multibillion-dollar dividend bonanza.

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