Government
Insurer Founder, Delaware Regulator Fight Over Company Seizure
Indemnity Insurance Corp., which insures nightclubs, is at the center of a legal tug of war between its founder and the Delaware insurance commissioner. The dispute between company founder Jeffrey B. ...
JPMorgan’s $13B Deal Hits Stumbling Blocks: Sources
JPMorgan Chase & Co. and the U.S. Justice Department have hit snags in working out the final details of their $13 billion settlement over the bank's mortgage bonds, two people familiar with the ...
New York Announces Emergency Disaster Protocol for Insurers
New York Gov. Andrew Cuomo announced that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other ...
Insurance, Tax, Climate Groups Hit Proposed Delay in Flood Insurance Increases
The prospect of a delay in flood insurance reforms that are raising premiums for many homeowners is being met with pushback from business, taxpayer, climate and insurance groups. Rep. Maxine Waters, ...
FIRREA: Government’s Key Weapon in Financial Fraud Cases
The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks over conduct that fueled the financial crisis. To convince a ...
States Hit by Sandy to Get Next $5B of Recovery Funding
Federal officials on Monday unveiled plans for a second round of Superstorm Sandy disaster relief totaling $5 billion for five states and New York City, and they pledged that the pace of spending ...
SEC’s Aguilar Wants Stock Exchange Execs Liable for Failures
A proposal that would require stock exchanges to be better equipped to handle market disruptions does not go far enough to hold senior officials accountable for failures, Securities and Exchange ...
Lawsuit Against Silicon Valley Hiring Practices Gets Class-Action Status
A U.S. judge accorded class-action status to a lawsuit that alleges broad conspiracy among major Silicon Valley companies to suppress employee compensation by not poaching each other's employees, a ...