Government
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 ...
Lawyer Appeals Ruling Preventing $9.5B Payday in Chevron Case
A U.S. lawyer on Tuesday appealed a federal judge's ruling that he used fraud to secure a multibillion-dollar pollution judgment against Chevron Corp in Ecuador, a decision that bars him from ...
Florida Supreme Court Finds Medical Damages Caps Unconstitutional
The Florida Supreme Court has ruled that the state's caps on noneconomic damages in medical malpractice wrongful death cases violate the state Constitution's equal protection clause. The 5-2 opinion ...
U.S. Accounting Regulator Says Auditor Marketing Practices Deceptive
A top U.S. audit regulator is sounding the alarm over what she fears may be a false stamp of approval that some accounting firms are using as they market themselves to potential clients. A growing ...
U.S. Senate Bill Seeks to Wind Down Fannie Mae in Five Years
Fannie Mae and Freddie Mac would continue paying all of their profits to the Treasury for the next five years under bipartisan Senate legislation designed to wind down the U.S.-owned mortgage ...
New York Grabs ‘Shaky’ Lead Over London As Top Financial Center
New York replaced London as the world's leading financial center for the first time, after the City was rocked by a series of scandals and questions over the U.K.'s place in the European Union. New ...