Government
BP Faces Billions in Spill Claims as Court Denies Rehearing
BP Plc faces billions of dollars in additional payments after failing to convince an appeals court that the company is being forced to pay claims that aren't directly related to the 2010 Gulf of ...NY AG Schneiderman Says AIG Suit Is Bid to Hobble Unlicensed Sales Probe
New York Attorney General Eric Schneiderman asked a federal judge to dismiss a lawsuit filed by American International Group Inc. against the state's Department of Financial Services and its ...
Judge: Corzine, Ex-MF Global Execs Can Tap More Insurance Funds for Defense
Jon Corzine and other former insiders of collapsed brokerage MF Global can tap another $10 million of insurance funds to defend lawsuits accusing them of hastening the firm's downfall, a U.S judge ...
FINRA Probing Abusive Trades Based on Mathematical Algorithms
Wall Street's self-regulator is cracking down on abusive trades made on the basis of mathematical algorithms and currently has some 170 ongoing investigations into the subject, its chief said on ...
Former VP Gore Backs Insurance Execs’ Commitment to Climate Risk at Geneva Assoc. Assembly
Former U.S. Vice President Al Gore recognized the insurance industry's key role in helping the world to tackle climate-related risks during a speech at The Geneva Association's annual General ...
House Bipartisan TRIA Bill Expected In June: Subcommittee Chair
The chairman of crucial U.S. House subcommittee said a bipartisan bill of its own that will renew the Terrorism Risk Insurance Act, or TRIA, will be unveiled in June. Rep. Randy Neugebauer, R-Texas, ...
From the FBI: Could Your Computer Be Infected by Blackshades?
In connection with the Monday's announcement from representatives from the FBI New York Field Office and the U.S. Attorney's Office for the Southern District of New York about an international effort ...
FBI Announces Massive Cyber Crime Bust; Takes Down Blackshades Malware
Law enforcement officials in more than a dozen countries arrested about 90 people in a U.S.-led crackdown on the makers and users of software designed to steal identities and remotely control ...