Claims / Legal
Geithner: AIG’s Collapse Could Have Triggered Global Mass Panic
The failure in 2008 of American International Group Inc., the world's biggest insurer, would have caused "mass panic on a global scale," Timothy Geithner, the head of the Federal Reserve Bank of New ...
Watchdog Group Warns Arctic Shipping Safety Not Assured
Canada will have trouble ensuring marine safety in the Arctic as climate change melts the sea ice and shipping increases, Parliament's environmental watchdog said on Tuesday. Canada, said Environment ...
Guy Carpenter to Broker Business Cyber Privacy Coverage
Guy Carpenter & Company LLC said it brokered a new cyber privacy and network protection coverage targeted to small-and medium-sized companies, a move that comes as cyber security violations are ...
Ex-Treasury Secretary Talked With China About 2008 Financial Bailout
Henry Paulson, the former treasury secretary, said he talked with China about helping bail out financial firms in 2008, in the first discussion of the rescue scheme in a court with two other plan ...
Data Theft from 76 Million Homes Enabled by JPMorgan Password
Hackers exploited an employee password to crack a JPMorgan Chase & Co. server and ultimately pull off one of the largest cyber-attacks ever, accessing data on 76 million households and 7 million ...
USAA Wants to Survey Disaster Site Damage With Drones
United Services Automobile Association, the provider of insurance to military families, is seeking permission to use unmanned drone aircraft to survey damage at disaster sites. USAA requested ...
AIG Trial Testimony: Billions in Bailout Bucks Came Through, Sans Paperwork
The Federal Reserve Bank of New York poured billions of dollars into rescuing American International Group Inc. in September 2008 without drawing up documents that would cement the government's ...
Report: Used-Car Dealers Focus of Loan Fraud Investigation
U.S. federal and state authorities are investigating used-car dealerships to examine if they are inflating borrowers' income or falsifying employment information on loan applications to ensure that ...