U.S.
Hartford’s McGee Shares Lessons from Clash with Activist Investor Paulson
Liam McGee, who led a rebound at Hartford Financial Services Group Inc. after shunning John Paulson's call to split the insurer, said executives shouldn't be defensive when handling activist ...
Scientists Develop Breakthrough Computer Forecasting Models for Wildfires
Scientists have developed a new computer modeling technique that offers the promise, for the first time, of producing continually updated daylong predictions of wildfire growth throughout the ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
Consumer Bureau Hands Title Insurers Win Over Mortgage Disclosure Rule
A U.S. rule that would have wrapped title insurance into the total costs listed on a simplified mortgage-disclosure form was dropped by the Consumer Financial Protection Bureau after industry ...
German Finance Minister Vows to Help Insurers Burdened by Low Interest Rates
German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer "false stimulus" and that monetary policy alone ...
Low Frequency Hinders Study of Northeast Hurricanes
Seventy-five years ago, "the Great New England Hurricane of 1938" laid waste over large areas of the northeastern United States. Last year's Hurricane Sandy provided a more immediate reminder that ...
FEMA Seeks Dismissal of State Lawsuit to Delay Flood Insurance Rate Hikes
The federal government is urging a federal court to dismiss a Mississippi lawsuit seeking to halt flood insurance rate hikes until an affordability study is completed. In arguing for the suit ...
Obama Administration Opposes Privatizing Fannie Mae, Freddie Mac
President Barack Obama would reject proposals by hedge funds to recapitalize Fannie Mae and Freddie Mac, National Economic Council Director Gene Sperling said. "I want to make clear, the Obama ...
JPMorgan’s $13 Billion Deal: A Shield Against Lawsuits?
JPMorgan Chase & Co.'s record $13 billion deal to end probes into mortgage-bond sales may save the bank billions more because of what the agreement lacked: an explicit admission of wrongdoing. ...