Government
Actuaries Weigh Healthcare Reform’s Effect on P/C Insurance
The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, ...Judge Delays Ruling On SAC’s ‘No Admission’ Settlement With SEC, Pending Citigroup Outcome
A judge on Thursday put off a decision on the U.S. Securities and Exchange Commission's proposed $602 million insider trading settlement with a unit of SAC Capital Advisors hedge fund, potentially ...
Florida Alleges Fraud by Allianz in Case of Failed Insurer
Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer by taking out more than $20 million in assets and rendering ...Flood Insurance Premiums to Rise, FEMA Chief Warns
The head of the Federal Emergency Management Agency said people who buy federal flood insurance need to plan for big rate hikes. FEMA Director Craig Fugate said some people now paying hundreds of ...
TRIA Won’t Be Extended, P/C Carrier CEOs Say
Chief executive officers of property/casualty insurance carriers said their companies will still stand ready to provide terrorism coverage when—not if—the Terror Risk Insurance Act expires ...IRS Loses Bid to Save Tax Preparer Regulations
The U.S. Internal Revenue Service on Wednesday lost a request to prevent the partial shutdown of its tax return preparer regulatory program pending an appeal. In a one-page ruling, the U.S. Court of ...
Supreme Court Delivers Another Setback to Class Actions in Comcast Ruling
The U.S. Supreme Court on Wednesday ruled in favor of Comcast Corp. in a case over how much it charged a group of cable TV subscribers, the latest blow against consumers hoping to pursue class action ...SEC Approves But UBS Unhappy with Nasdaq Payback on Facebook IPO
U.S. regulators approved Nasdaq OMX Group's $62 million compensation plan for firms that lost money in Facebook Inc.'s glitch-ridden market debut, a victory for the exchange operator that also set ...