Government
IRS Expects ‘Glitches’ with FATCA Tax Law on Offshore Accounts
A new U.S. anti-tax evasion law, set to take effect on July 1, will encounter "inevitable glitches," said the head of the U.S. Internal Revenue Service on Monday, adding that the IRS will be ...
California Voter Initiative Aims to Increase Damages Cap
California's limit of $250,000 on medical malpractice damages for pain and suffering, which became a model for other states almost 40 years ago, could be increased under a voter initiative to be ...
Insurance Payments Begin But Liability Over Missing Malaysian Jet Unclear
As the final hours of Malaysian Air Flight 370 remain wrapped in mystery, the question of who bears full liability for the jet's disappearance is also unresolved. This much is clear: Families of the ...
Bouchard Nominated as Chief Judge of Delaware’s Chancery Court
Delaware lawyer Andre Bouchard was nominated on Thursday to replace Leo Strine as the chief judge of the state's Court of Chancery, one of the premier venues for business disputes, according to a ...
Lawyers Troll Internet for GM Customers as Race to Courthouse Gets Underway
General Motors may face lawsuits for millions of dollars over its recall of 1.6 million cars, but first lawyers have to find clients if they hope to get a foot in the courthouse door. To do so they ...
Rating Agency S&P Weighs in on TRIPRA Renewal; Says Some Ratings at Risk
Smaller insurers with less capital and more terrorism exposures could be subject to negative rating actions under a renewed but changed federal terrorism insurance program, rating agency Standard ...
Judge Rules for Google; Privacy Plaintiffs Not a Class
Google Inc. won a significant legal victory as a U.S. judge decided not to combine several lawsuits that accuse the Internet search company of violating the privacy rights of hundreds of millions of ...
UK Spending Cuts Could Mean More Flood Re Claims: Fitch
Uncertainty about UK government spending on flood defenses means the industry-managed Flood Re program for pooling flood risk may face higher-than-expected claims in the future, according to Fitch ...