Government
Toyota Wins California Wrongful Death Lawsuit Over Acceleration Issues
A jury in California on Thursday found Toyota Motor Corp not liable in one of the first wrongful death lawsuits to go to trial in the United States over alleged defects that caused some vehicles to ...California Sues Corinthian Colleges For Misleading Students
The state of California filed suit against Corinthian Colleges Inc. for misrepresenting job placement rates to its students and investors, employing false and predatory advertising, and for ...
U.S. Farm Bill ‘Windfall’ Option Could Cost Billions Extra: EWB Study
An insurance provision in the U.S. farm bills proposed by the House and Senate could have corn, soybean, and wheat farmers making more money in a bad year, such as during a drought, than in a good ...
Ex-AIG CEO Greenberg Wins Delay in NY Fraud Case
Former American International Group Chief Executive Maurice "Hank" Greenberg on Thursday won a short reprieve from New York's case accusing him of orchestrating sham transactions at AIG. State ...
Regulators Map Out First Capital Blueprint for Insurers; IAIS Writing Global Standards
The world's top insurers could be forced to raise fresh capital under rules proposed by regulators on Wednesday, echoing measures imposed on the banks to try to avert the risk of another financial ...First Global Capital Rules for Insurers Explained
Regulators have mapped out the first global plans to force top insurers to hold enough capital, mirroring a well-established framework for banks. The plans, backed by the G20 group of leading ...
Financial Regulators Discuss Debt Ceiling, Government Shutdown
U.S. financial regulators discussed the federal debt ceiling and the effect of the government shutdown on market monitoring during a phone conversation on Tuesday, a Treasury Department spokesman ...
A Win-Win for Government and Insurers: Partnering for Security
Despite the government shutdown, sometimes government gets it right. Recently, government appeared to truly appreciate the benefit of establishing public-private partnerships, including with ...