Government
FEMA Plans Reinsurance Claim to Recover $1B-Plus in Hurricane Harvey-Related Losses
The Federal Emergency Management Agency said it plans to submit a claim to recover $1.042 billion in reinsurance coverage under its 2017 Reinsurance Program. FEMA also is working to nail down a new ...
Congress Skeptical About Trump’s $12B Plan to Reduce Future Flood Damage
The Trump administration's proposed $12 billion initiative to reduce future flood damage met with skepticism in Congress, as lawmakers warned against diverting emergency funding away from hurricane ...
Brexit Talks Could Be Damaged by Issues Over European Court of Justice
Brexit talks risk being torpedoed by the taboo issue of the European Court of Justice, a senior British official said, as Theresa May heads to Brussels on Monday with the best offer her party will ...
Brexit May Adversely Effect Legions of Insurance Liabilities, Bank Contracts Without Fix
As far as Brexit headaches go, Barclays Plc's John McFarlane says that while his bank is on top of job relocations, he's more concerned about rewriting "hundreds of thousands" of contracts. He's not ...
Former Justice Dept. Employee Admits Trying to Sell Secret U.S. Whistleblower Suits
A former partner at a major law firm in Washington pleaded guilty on Wednesday to charges that he tried to sell copies of sealed whistleblower lawsuits against corporations that he obtained while ...
SCOTUS Seems Reluctant to Broaden Dodd-Frank Whistleblower Protections
Conservative and liberal U.S. Supreme Court justices on Tuesday appeared reluctant to broaden protections for corporate insiders who blow the whistle on securities law violations or fraud by their ...
Spike in Drone Use Places Airlines, Business Jets at Risk: FAA Research
The millions of small civilian drones plying the nation's skies can cause significant damage to airliners and business jets in a midair collision, new research commissioned by the U.S. Federal ...
Suit Against AT&T/Time Warner Merger Could Curtail Other M&A Activity
President Donald Trump's first year in office was already shaping up to be a less-than-banner one for M&A. Now, the U.S. Justice Department's lawsuit to block AT&T Inc.'s $85.4 billion ...