Government
Bipartisan Deal in Senate for TRIPRA Extension; Co-Pays Up
A bipartisan group of U.S. senators has agreed on legislation to extend the government's financial backstop of terrorism insurance for seven years. The legislation would raise private insurers' ...
Dept. of Homeland Security Issues Warning on ‘Heartbleed’ Web Encryption Technology Bug
A newly discovered bug in widely used Web encryption technology has made data on many of the world's major websites vulnerable to theft by hackers in what experts say is one of the most serious ...
China Could Attract More Global Firms with Relaxed Insurance M&A Rules
China's decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market. Beijing would allow ...
U.S. SEC Forms Group to Probe Private Equity, Hedge Funds
The U.S. Securities and Exchange Commission (SEC) has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated, ...
Bank of America to Pay $228M to Settle Forced-Place Insurance Claims
Bank of America Corp. agreed to pay $228 million to settle claims the bank overcharged for insurance homeowners were forced to accept when their regular policies lapsed. The amount was disclosed in a ...
Canadian Pacific Railway Backs Shipper Insurance Requirment
Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest ...
White House Launching Executive Actions on Pay Equality for Women
President Barack Obama will launch two new executive actions this week aimed at increasing transparency about women's pay in a continuing effort to ensure women are paid equally to their male ...
Dismissal of Hebrew National Lawsuit Not Kosher: Appeals Court
A year after ConAgra Foods Inc won the dismissal of a lawsuit claiming that its Hebrew National hot dogs were not kosher, a higher authority has given the case new life. A federal appeals court in ...