Government
EU Explores Creation of Cross-Border Car Insurance/Pension Market
Creating a pan-European retail market in car insurance and pensions largely hinges on whether 500 million consumers will go online to widen their choice of products, the EU's executive body said on ...
U.S., Cuba Begin Hashing Out Billions in Claims Against Each Other
Cuban and U.S. officials on Tuesday will begin to untangle one of the most complex obstacles to normalization of relations between the two countries: the claims of Americans whose property was ...
The U.S. and China Will Expand a Planned Cybercrime Crackdown
U.S. and Chinese officials have agreed to expand cooperation to crack down on cybercrime as China's state- run news agency said a hacking attack on the U.S. Office of Personnel Management was carried ...
Anadarko Petroleum Must Pay Nearly $160M for 2010 Gulf Spill, Below U.S. Wishes
Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The ...
AIG-Style Bailouts Restricted Under New Fed Rules
The Federal Reserve took the final step to ensure it can't repeat the extraordinary steps taken to rescue American International Group Inc. and Bear Stearns Cos. in 2008, adopting formal restrictions ...
Parisian Businesses Can Seek Help from Terrorism Reinsurance Fund
Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by a state-backed fund set up in the wake of the Sept. 11 2001 attacks in ...
Proposed Solvency Rules Give Lloyd’s, Other British Insurers Key Exemption
Britain's biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union ...
Federal Reserve Closing the Door on AIG-Style Bailouts
The Federal Reserve is on the verge of relinquishing the tools it used to rescue American International Group Inc. and Bear Stearns Cos. That probably won't appease lawmakers who've said they're ...