Government
World Cup Insurers Vulnerable to Claims Over Russia, Qatar Flap
World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar ...
Senate Probe: Flaws Riddle U.S. Government Flood Insurance Appeals Process
The U.S. government's appeals process for reviewing flood insurance claim disputes is riddled with flaws, but there is no evidence of systematic underpayments by insurers to flood victims, an ...
Ex-AIG CEO Greenberg Won One Lawsuit But Still Faces Another
A decade-old lawsuit in which New York accused former American International Group Inc Chief Executive Maurice "Hank" Greenberg of accounting fraud will head to the state's highest court for a second ...
U.S. Fed Considering Nationwide Capital Standard: Reuters
The U.S. Federal Reserve is considering a proposal for new nationwide insurance capital standards that would rely heavily on the current system of state-based regulations, according to a copy of the ...
Ex-AIG CEO Greenberg Wins Bailout Suit But No Damages
Hank Greenberg won his fight to hold the U.S. responsible for a bitter pill it forced down the throat of American International Group Inc. But that's about it. The judge who called illegally onerous ...
Scope of Federal Hack Attack Widens as White House Weighs Responses
More federal personnel records have been hacked than previously reported and U.S. officials are weighing responses ranging from new counterintelligence initiatives to destroying the data in the ...
Swiss Re Begins Singapore-Based Big Data Risk Reduction Initiative
Swiss Re will collaborate with four schools within the National University of Singapore on risk-reduction projects involving big data, business analytics and information technologies. Plans call for ...
U.S. Safety Officials Call For Collision Prevention Systems in Cars and Trucks
U.S. safety officials on Monday called on automakers to begin installing collision avoidance systems in all new passenger and commercial vehicles, saying existing technology could save lives and ...