Government
P/C Insurers Facing A.M. Best Rating Action If TRIA Not Renewed
Thirty-four property/casualty insurers can add the threat of a negative rating outlook to the list of problems facing their companies at year-end 2013 if the government backstop for terror insurance ...
S&P Subpoenas Federal Reserve Board in U.S. Lawsuit
McGraw Hill Financial Inc.'s Standard & Poor's unit seeks information from the board of governors of the Federal Reserve to bolster its defense against U.S. claims it misled investors in ...
OSHA Issues 24 Violations Against Texas Fertilizer Plant Over Deadly Explosion
The fertilizer facility in Texas that exploded earlier this year, killing 15 people, was cited yesterday by the Occupational Safety and Health Administration for 24 violations of worker safety ...
China to Allow Foreign Investors in Finance Sector to Use Yuan
China's central bank will allow foreign businesses to invest in domestic financial firms using offshore yuan funding, it said on Thursday, as part of efforts to broaden the usage of the currency in ...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 ...