Editors' picks for the weekinclude a look at the health care plans put forth by presidential candidatesand a survey collecting information on the diversity of governing boards andvendors of insurance companies.
1.AIG once held more than $100M ofPuerto Rico bond issue now on the brink of default
U.S.insurance companies held a combined $6.6 million in the Puerto Rico GovernmentDevelopment Bank bonds that had been expected to default May 2, based uponyear-end 2015 carrying value. But their collective position had once been manytimes larger prior to a series of years-ago divestitures, primarily by units ofAmerican International GroupInc.
2.US health care system hangs inthe balance of presidential election
Asthe U.S. presidential race has gained momentum, so has a debate over the futureof the country's health care system that has been fueled by proposals promisingsignificant changes in costs and coverage.
3.Reinsurance head Jain's largerrole has no impact on Berkshire succession planning, Buffett says
WarrenBuffett cautioned against reading too much into his decision to expand deputyAjit Jain's responsibilities, saying April 30 that has not madeany final decisions on who will eventually succeed him atop the conglomerate.
4.More mortgage industryconsolidation ahead, but how much remains to be seen
Therecent wave of consolidation among mortgage REITs has caught the attention ofseveral executives in the sector. But it remains to be seen whether thedeal-making reflected unique sets of circumstances or a sign of things to comeamong REITs and other mortgage-focused entities.
5.Multistate diversity surveyinitiative kicked off by California, 5 other jurisdictions
SixU.S. jurisdictions will be collecting information from hundreds of insurancecompanies on the diversity of their governing boards and their vendors.