Government
Controversial Trinity Guardrail System Set For Extra Testing in Virginia
Trinity Industries Inc.'s guardrail system will undergo additional crash testing by Virginia, raising new questions about a device on roadways across the country. Some of Virginia's six proposed ...
Private Companies to Get Crack at U.S.-Developed Anti-Hacking Tech
Anti-hacking technology developed by the U.S. will be offered to banks and other businesses under an initiative to promote cutting-edge research, even as some security specialists question its value ...
Two Business Groups Urge Govt. Agency to Probe Medical Funding Industry
Two business lobbying groups this week called on the Consumer Financial Protection Bureau to investigate the medical funding industry after a Reuters investigation revealed that private investors are ...
Uber Lobbies Heavily To Reshape Driver Regulations in California
Uber has spent more on lobbyists in California than Facebook and Apple combined to fend off regulations aimed at the heart of its worldwide business model. The San Francisco company's lobbyists are ...
A.M. Best: China Explosion Insurer Costs Remain in Flux
Some industry watchers are trying to tally carrier claims costs following an Aug. 12 explosion at a key China port. A.M. Best cautions, however, that plenty of variables remain. Among them: the mass ...
Hurricane Katrina Led to Big Improvements in Coastal Building Codes
When Hurricane Katrina made landfall 10 years ago, it caused a whopping $41 billion in insured losses and more than $151 billion in overall economic losses. The storm left massive damages in coastal ...
FDIC Sues 3 U.S. Banks Over Shoddy Residential Mortgage-Backed Securities
The FDIC, a U.S. bank regulator, has sued three large U.S. banks to recoup some of the more than $695 million it lost from selling shoddy residential mortgage-backed securities once owned by a Texas ...
IRS Taxpayer-Data Theft Much Worse Than Previously Thought
The U.S. Internal Revenue Service (IRS) said Monday a hacking attack into one of its computer databases revealed in May was much more extensive than previously thought, with nearly three times as ...