Government
NC Residual Market Prepped For Storms With $500M In Cat Bonds, HO Rate Hikes
North Carolina's two residual homeowners insurance markets have jointly issued $500 million in pre-event catastrophe bonds to ensure they have enough money on hand to quickly pay claims following ...
Greenberg Presses for Bernanke Testimony in Lawsuit Over AIG Bailout
U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice "Hank" Greenberg's lawsuit over the bailout of American International Group Inc., Greenberg's lawyers said. ...
MetLife Nears Systemic Financial Institution Risk Tag
MetLife Inc., the largest U.S. life insurer, was moved to the last stage of a regulatory review that may impose extra Federal Reserve oversight. The Financial Stability Oversight Council, a group of ...
Survivors Of Quebec Train Crash To File Class Action Suit
Two residents of the Quebec town of Lac-Megantic, where a runaway train derailed and exploded into a wall of fire that killed 50 people, have launched a class action lawsuit to win compensation for ...
Anadarko To Face Narrowed Gulf Spill Shareholder Lawsuit
A federal judge ordered Anadarko Petroleum Corp, which owned part of the blown out well at the center of the 2010 Gulf of Mexico oil spill, to face a lawsuit accusing it of defrauding shareholders, ...
Google & Microsoft: Enemies In Court, Frenemies In Congress
Even as they battle in courts over smartphone and video technology, Microsoft Corp. and Google Inc. have discovered a common foe: patent owners who try to sue their customers or go after an entire ...
NY Judge To Rule If WTC Developer Can Seek Damages Beyond Insurance Payments From Airlines
A federal judge is days away from deciding if New York developer Larry Silverstein can recover as much as $3.5 billion from airlines for damages to the World Trade Center on Sept. 11, 2001, on top of ...
UK Fraud Prosecutor Charges Two Brokers In LIBOR Probe
Britain's fraud prosecutor on Monday charged two former brokers at interdealer broker RP Martin with rigging LIBOR benchmark interest rates, broadening the scope of the investigation into the scandal ...