Personal Lines
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 ...
State, Federal Regulators Vow Cooperation Against Global Uniformity
State and federal insurance regulators insist they will make sure U.S. regulatory standards aren't being subsumed beneath a bid for international uniformity, though they will continue to strive for ...
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 ...
The Fed Wants Insurer Input As it Builds Capital Rules
The Federal Reserve today announced a voluntary survey into the potential impact of capital rules for insurance companies that it regulates. The Federal Reserve is seeking comments from the industry ...
National Weather Service Launches Advance Warning Disaster Model
Neighborhoods about to be hit by tornadoes and pilots heading into turbulence will get more warning from the National Weather Service starting today. At least, that's the promise of a new forecast ...
Europol Pushes For Data Law Changes to Battle Cybercrime
Law enforcers in Europe need greater powers to retain data for longer in order to catch cybercriminals selling discrete services that police cannot trace under existing regulations, according to a ...Greenberg Argument: U.S. Bailout of AIG Extorted Shareholders
The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice "Hank" Greenberg ...