RJ and Makay

Besieged by waves of workers compensation claims, Atlantic Mutual was placed into liquidation April 27 with New York’s superintendent of insurance appointed as liquidator, according to BestWire.

Workers’ Compensation insurance covers the cost of medical care, lost wages and rehabilitation for on–the-job injuries.  It also provides benefits for the family of any worker killed in a work-related accident.

Though in the offing for some time, it's still a shock to see a credit agency move toward downgrading U.S. debt. Today, Standard & Poor's (S&P) Ratings Services reduced its outlook on the U.S. to "negative," potentially setting the stage for a downgrade from triple-A status in the near future.

"More than two years after the beginning of the recent crisis, U.S. policymakers have still not agreed on how to reverse recent fiscal deterioration or address longer-term fiscal pressures," explains S&P credit analyst Nikola G. Swann. The chance of a U.S. downgrade within two years is at least one in three, Swann estimates.

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Bank-loan funds are still hot with investors, despite a two-year rally that has pushed fund prices dramatically higher. According to Morningstar, bank-loan funds saw net inflows of $5.62 billion in January, a monthly record.