Government
Securities Class Action Settlements Plummet to 16-Year Low
Bringing a securities class action became less lucrative last year. According to a new Cornerstone Research report, total settlements in such cases hit their lowest point in 16 years. The aggregate ...
U.S. House Committee Unveils ‘Threat-Sharing’ Cybersecurity Bill
The U.S. House of Representatives Intelligence Committee introduced on Tuesday long-awaited legislation intended to enhance information sharing between private companies and intelligence agencies ...
Investigators Probe Germanwings Jetliner Crash Mystery
Investigators probing the crash of a Germanwings jetliner in the foothills of the French Alps will seek to determine why the aircraft made a rapid descent spanning eight minutes without a single ...
FAA Loosens Some Requirements for Commercial Drone Permits
Commercial drone operators will have an easier time using and testing their devices in the U.S. after the Federal Aviation Administration said it has loosened some requirements for obtaining ...
New York Regulators Launch Price Optimization Inquiry
The New York Department of Financial Services (DFS) is seeking information about price optimization from hundreds of property/casualty insurers operating in the state. New York joins a growing number ...
First Federal Fracking Rules Face Challenge From Oil Industry
U.S. drillers already reeling from a six-month drop in oil prices denounced new U.S. fracking regulations as costly and unnecessary, and quickly met them with a lawsuit. After three years of debate, ...
Fireman’s Fund Settles Crop Insurance Fraud Charges for $44M
Fireman's Fund Insurance Co. has agreed to pay $44 million to settle allegations under the False Claims Act that it knowingly issued insurance policies that were ineligible under the U.S. Department ...
International Capital Standards Will be Slow in Coming: FIO’s McRaith
Insurers could see some version of an international capital standard by 2016, Federal Insurance Office Director Michael McRaith told a recent gathering of industry professionals in Washington, D.C. ...