German Terrorism Insurer Extremus Boosted by Real Estate Crunch (Bloomberg)June 8 (Bloomberg) -- Extremus Versicherungs-AG , the German government-backed insurer set up to cover terrorism-related claims following the Sept. 11 attacks in New York, expects premium income to rise this year as real estate companies seeking funding from banks are forced to buy more coverage.
Real estate woes not solely residential (Contra Costa Times)The property crisis throughout the East Bay has infected retail, mixed-use and large developments as loans are increasingly moving into default. Map: Commercial real estate in default