Government
Safety Concerns Aside, Drone Use is Soaring
The government is getting near-daily reports — and sometimes two or three a day — of drones flying near airplanes and helicopters or close to airports without permission, federal and industry ...
P/C Lobbyists Come Out Swinging Against International Capital Standards
Trade groups representing the property/casualty industry are fighting back against a push to apply global capital requirements to large U.S. insurers who have significant international operations. ...
Report: Feds Won’t Call Ex-AIG CEO Greenberg to Testify in Bailout Trial
It looks like the U.S. government won't be calling ex-AIG CEO Maurice "Hank" Greenberg to testify in his $25 billion-plus lawsuit over federal bailout funds the insurance giant was forced to take ...
FHA Mortgage Insurance Fund Erases Shortfall
A U.S. government agency that guarantees millions of mortgages has built up $6.1 billion in capital over the last year, erasing a shortfall experienced in 2013, when its reserves were so low that it ...
Air Bag Accident Victims Unable to Access Details of Other Settlements
Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims. The accords make financial sense for the ...
Survey: Cyber Attacks + Terrorism Top Reinsurance Worries
Cyber attacks and terrorism may be shaping up as the big emerging risks reinsurers face in 2015. About 40 percent of industry respondents to a recent Guy Carpenter & Co. survey said cyber attacks ...
Global Insurers Bidding for Turkey’s Halkbank Insurance/Pension Arms
Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey's state-run Halkbank of its pension and insurance arms, three sources close to the process ...
Cyber Attacks Hit Catalan Govt. Computers During Independence Vote
Catalan government computer systems were attacked by professional-style hackers during the disputed independence vote on Nov. 9, putting basic services at risk, Regional President Artur Mas said. The ...