Government
Wells Fargo Wins Predatory Lending Lawsuit Dismissal in L.A.
Wells Fargo & Co on Friday won the dismissal of a lawsuit by Los Angeles that accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending ...
Padgett Plaintiffs Ask Florida Supreme Court to Decide Workers Comp Constitutionality
A legal challenge to the constitutionality of Florida workers compensation system that was thrown out by a state appeals court may be headed to the Florida Supreme Court. The plaintiffs in the case ...
Former Oppenheimer Exec Sentenced to Prison in Insurer-Sale Fraud
A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a fraud that prosecutors say led to the collapse of an Oklahoma insurance company. Allen ...
Swiss Re: Food Contamination Liability Costs are Surging
Liability costs involving food contamination are soaring, and a globalized supply chain has made risk management much more challenging, Swiss Re found in a new report. Among the findings: the number ...
Iran Accord Would End Sanctions on Reinsurance and Other Industries
Iran and world powers reached a historic accord designed to prevent the Islamic Republic from developing nuclear weapons in return for ending sanctions that have crippled the nation's economy and ...
Warren Buffett Could Gain From Efforts to Weaken New Train Safety Rule
Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key ...
Bermuda Adopts Solvency II ‘Equivalency’ Measures
A bulletin from Bermuda notes that the island's parliament took regulatory action this week to align its regulatory insurance procedure. The goal: recognition by the European Commission as being ...
Eurozone Insurers Can Withstand Greece’s Instability: A.M. Best
The impact of Greece exiting the eurozone is likely to hit market confidence in the region, although insurers and reinsurers operating in the economic bloc are well positioned to withstand a ...