Government
Miami Predatory Lending Lawsuit Heads to U.S. Supreme Court
The U.S. Supreme Court on Tuesday agreed to decide whether Miami can pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers resulting in loan defaults ...
VW’s $15B Diesel-Cheating Settlement Will Only Go Higher in Months Head
Volkswagen AG's $15.3 billion agreement to get a half million emissions-cheating diesel vehicles off U.S. roads sets an auto-industry record that will only go higher as criminal probes and lawsuits ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
Brexit Fallout: QBE to Review UK-Based Operations; Marsh Maps Exit Options
QBE Insurance Group announced this week that it will be reviewing its U.K.-based operations in light of last week's vote in the U.K. to leave the European Union. "The referendum outcome may require a ...
VW U.S. Settlement Price Tag Grows to $15B
Volkswagen AG's price tag to settle lawsuits in the U.S. over its rigging of diesel emissions tests has jumped to more than $15 billion—$5 billion more than previously reported. A settlement is set ...
TransCanada Files $15B NAFTA Claim on Obama Keystone XL Rejection
TransCanada Corp. is seeking to recoup $15 billion for the Obama administration's rejection of the Keystone XL oil pipeline, in a legal claim that highlights how foreign companies can use trade deals ...
Post-Brexit, UK Insurance Industry Attempts to Calm Nerves
The U.K. joined the European Union in January 1973, and yesterday, the U.K. public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will ...
U.K. Chooses EU Exit; Cameron Resigns; Financial Services Face Uncertain Future
The U.K. voted to quit the European Union after more than four decades in a stunning rejection of the continent's postwar political and economic order, prompting Prime Minister David Cameron to ...
New Forecast Model Predicts How Far Storm Waves Will Push Water Out on Beachfronts
When John Couch is certain a storm will hit Hatteras Island, he goes into action, moving merchandise in his auto parts store from bottom shelves to top ones and hauling away the most valuable items. ...