Government
SEC Seeking to Dole Out $600M-Plus SAC Settlement
The U.S. Securities and Exchange Commission wants to make its $602 million settlement with SAC Capital Advisors hedge fund available to people who say they are victims of illicit trading by a former ...
Three Years Later, Some MF Global Creditors Getting Paid
A large group of creditors of MF Global Holdings Ltd.'s bankrupt brokerage unit will soon receive their first payout, as $518.7 million of checks start to be mailed out on Friday, the third ...
Prosecutors Seek Death Penalty for South Korea Ferry Captain
South Korean prosecutors on Monday demanded the death penalty for the captain of a ferry that sank in April, killing more than 300 people, and life sentences to three key crew members, a court ...
Federal Agencies Offer Flood Insurance Rule for Lenders
The federal government is offering residential property lenders guidance on escrowing their borrowers' flood insurance premiums and on when property owners do not have to buy flood coverage for ...
Erie Insurance Group CEO (and Chubb Veteran) Named PCI’s New Chairman
Erie Insurance Group President and CEO Terrence Cavanaugh is the Property Casualty Insurers Association of America's new chairman, following elections at the PCI Annual Meeting in Scottsdale, Ariz., ...
Top 10 Market Conduct Issues for P/C Insurers
A review of state insurance regulators' examinations of U.S. property/casualty insurers shows that claims-handling, underwriting and producer requirements continue to be the top criticisms. According ...
Drugmakers Seek Indemnity for Ebola Vaccines
Drugmakers are looking for some kind of indemnity from governments or multilateral agencies against possible losses or claims arising from the widespread emergency use of new Ebola vaccines in ...
AIG, Allianz and 7 Other Giant Insurers to Start Reporting Capital Ratios
Nine too-big-to-fail insurers, including American International Group Inc., Allianz SE and MetLife Inc., must start reporting capital ratios next year using a method presented by regulators today. ...