Government
Governments Provide Reinsurers a Major Market Opportunity: S&P
Reinsurers have a potential major market at their fingertips: Working with governments to boost their disaster resilience. Standard & Poor's Ratings Services draws that conclusion in a new ...
Is FIO About to Step Into Data Collection?
The Federal Insurance Office (FIO) has taken a step toward fulfilling one of its obligations under the Dodd-Frank Act—a step that may ultimately have significant implications for auto insurers. ...
Napa Quake Making Municipal-Bond Investors Nervous
Municipal-bond investors are trading a record amount of debt from Napa County, California, in a sign that some may be concerned about damage from the strongest earthquake to hit the wine-growing area ...
Ex-AIG CEO’s $25B Bailout Lawsuit to Move Forward
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the ...
Goldman Sachs Puts U.S. Government Mortgage Bond Dispute Behind It
Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S.regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced ...
For $16.65B, Bank of America Resolves Mortgage Charges
Bank of America Corp. reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed ...
New RMS Terrorism Model Accounts For Fewer Risks in Many Locales
Catastrophe modeling firm RMS revamped its terrorism model to reflect lower terrorism risks in countries including Canada, Denmark, Ireland, Italy and the United Kingdom. RMS said the changes reflect ...
Global Bank Giants Face U.S. Warnings Over Risk Assessment Practices
U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, ...