Government
TRIA Structure Will Change, But Renewal Expected: Analyst
After property/casualty insurance industry representatives presented testimony before the House Committee on Financial Services on the future of the federal terror backstop, a research firm predicted ...
U.S. Risk Council Designates Prudential for Tougher Oversight
Insurer Prudential Financial Inc. said the U.S. financial risk council has designated the company as systemically risky in a final vote, bringing it under stricter regulatory oversight. Prudential ...
Obama’s Energy, EPA Chiefs Say Climate Plan Won’t Kill Coal
New rules limiting emissions from U.S. power plants that are expected to be proposed on Friday will "provide certainty" to the coal industry, environment and energy chiefs told lawmakers anxious ...
NAMIC Opposes Efforts to Delay Flood Insurance Reforms
The National Association of Mutual Insurance Companies on Wednesday released a statement urging Congress to resist efforts to delay the reforms adopted under the Biggert-Waters Flood Insurance Reform ...
D&O Lawsuits by FDIC on Fast Pace: Cornerstone Research
This year's Federal Deposit Insurance Corp. (FDIC) litigation over failed financial institutions is already exceeding that of the previous three years. According to a new report by Cornerstone ...
SEC Unveils CEO-to-Worker Pay Ratio Rule
U.S. corporations will need to disclose how their chief executive officers' paychecks compare with those of their workers under a proposal unveiled on Wednesday by the U.S. Securities and Exchange ...
85% of Insurers Won’t Write Terror If TRIA Not Renewed: Aon
Research by Aon shows that more than 85 percent of insurers will no longer insure terror risk if the federal backstop goes away. The brokerage firm revealed the conclusion based on its "market ...Corzine Masterminded ‘Scheme’ at MF Global, New Trustee Says; D&O Insurance Intact?
Jon Corzine, the former head of MF Global Holdings Ltd., masterminded a scheme to inflate earnings that led to the eighth-biggest bankruptcy in U.S. history, according to an updated lawsuit filed by ...