Government
Senate Bill Would Free U.S. Insurers from Bank Capital Rules
The U.S. lawmaker who wrote a Dodd-Frank Act provision that imposes bank-like capital standards on the insurance industry introduced legislation to ease the requirements. Senator Susan Collins, a ...
Senate Leaders Look to Quickly Pass U.S. House Flood-Insurance Measure
Senate leaders are seeking agreement to quickly pass a House flood-insurance bill to avert steep premium increases for property owners in coastal states such as Florida, Louisiana and New Jersey, ...
Fitch Sees Rise in Demand for Private Flood Insurance
As federal subsidies for flood insurance are reduced and the cost of government provided insurance goes up, the demand for private flood coverage could also rise, according to Fitch Ratings. However, ...
Company Mergers in U.S. Ignore 60-Day ‘Cooling Off’ Period: Reuters
Sometime soon, maybe in the next month or so, a federal judge is expected to decide whether the creation of the world's biggest passenger airline, as envisioned by two companies and the U.S. Justice ...
HSBC, Wells Fargo Forced-Property Insurance Suits Settled
HSBC Holdings Plc and Wells Fargo & Co. have agreed to settle lawsuits by mortgage holders who alleged they were forced to pay for property insurance at inflated rates. HSBC will pay as much as ...
Top Execs of Failed Dewey Law Firm Charged with Fraud
Three former executives at Dewey & LeBoeuf LLP, once the No. 3 legal adviser to banks handling merger deals, were charged with a "blatant" $200 million fraud that spurred the largest law firm ...
China Likely to Turn to Insurers, Pension Funds for Private Capital
As China embarks on a new wave of opening up state-dominated industries to private capital, foreign firms will largely be kept out and authorities are likely to look to institutions like domestic ...
Supreme Court Justices Grapple with Rules for Class Actions
U.S. Supreme Court justices sought a middle ground to preserve class-action shareholder lawsuits as they heard a case testing the legal rules that have fostered thousands of cases over the past ...