Global Economy
Insurer Capital Rules Tweaked in New Senate Bill
The U.S. Senate has approved a bill tweaking the 2010 Dodd-Frank law's treatment of insurers, a rare adjustment to the Wall Street reform law that had been sought by the industry. Senators ...
Tropical Storm Boris is Threatening Southern Mexico
Tropical Storm Boris formed off Mexico's Pacific coast, threatening the southern part of the country with heavy rain and "life-threatening" floods through the weekend. The system was 125 miles (200 ...
Bipartisan TRIA Renewal Bill Advances Out of Senate Committee
The effort to renew the Terrorism Risk Insurance Act, or TRIA, moved forward on June 3 as a bipartisan bill advanced out of the Senate Banking Committee with a few amendments attached intended to ...Prudential, AIG Get Ex-Connecticut Insurance Regulator As Federal Overseer
The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year. Thomas ...
European Patent Changes Could Bring More Lawsuits Overseas
A new system for filing and enforcing patents in Europe, which is expected to be implemented in 2016, may bring more intellectual property cases to the region rather than the U.S. or Asia, a law firm ...
Industry Prediction: Expect P/C Market Stability Through 2014
The federal terrorism risk insurance backstop, in place in one form or another since 2002, will likely be reauthorized by Congress, and in the absence of a major catastrophe — man-made or otherwise ...
Hacking Threats Make Cyber Experts Darlings of the Corporate World
Some of the largest U.S. companies are looking to hire cybersecurity experts in newly elevated positions and bring technologists on to their boards, a sign that corporate America is increasingly ...
Greenpeace: “Fossil Fuel” Execs Risk Lawsuits For Denying Climate Change
Environmental groups said executives of coal, oil, gas and other "fossil fuel" companies could be held liable and risk lawsuits if they support groups that deny climate change and resist policies to ...