Claims / Legal
Treasury Officials Want Some Terrorism Premiums Retained for Future Claims
The federal terrorism risk insurance program "remains an important mechanism" for ensuring that terrorism risk insurance is available and generally affordable, the U.S. Treasury Department concludes ...
Rail Industry Isn’t Getting ‘Driverless’ Tech Anytime Soon
Peter Mills sees an inconsistency. One arm of the U.S. Department of Transportation is recommending two-person crews be required for freight trains as another plans to spend billions to help develop ...
Two U.S. Funds Sue Multiple Banks Alleging Singapore Rate Rigging
Two U.S.-based investment funds have filed a lawsuit in New York against dozens of banks accusing them of conspiring to rig derivative prices incorporating Singapore interest rate benchmarks, a court ...
Lightning Could Threaten Millions of Homes Built With a Type of Gas Tubing
Lightning strikes occur approximately 25 million times each year in the U.S., as reported by the National Severe Storms Laboratory. As summer approaches, storm producing lightning strikes could ...
Fatal Crash of Tesla on Autopilot Spurs NHSTA Investigation
U.S. regulators are investigating a fatal accident involving a Tesla Motors Inc. sedan that was driving on autopilot, drawing scrutiny to a key technology the electric-vehicle maker is betting on for ...
GE’s Slimmed Down Financing Arm Sheds ‘Too Big To Fail’ Designation
General Electric Co.'s slimmed down financing arm shed its "too big to fail" designation on Wednesday, no longer deemed by the U.S. government "systemically important" and so liable to wreck the ...
July 4 Weekend Could See a Surge in Traffic Deaths
U.S. traffic fatalities over the Independence Day weekend will probably climb this year to the most since 2008 as an improved economy and lower gas prices encourage more people to get behind the ...
Kudos, Plus a Plea for More Use of Natural Defenses to Reduce Climate Risks
U.S. communities are arguably making progress using natural defenses to help protect themselves from disasters and climate change hazards. As of now, however, the effort still falls short and much ...