U.S.
SEC Turns Policy Corner with JPMorgan Guilty Admission
The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, landed its biggest victory yet in fulfilling a pledge ...
Terror Risk Bond Market Unlikely, Says Swiss Re Americas CEO
Testifying before the House Committee on Financial Services on the future of the federal terrorism backstop Thursday, a reinsurance executive said the capital markets will not solve terrorism ...
TRIA Structure Will Change, But Renewal Expected: Analyst
After property/casualty insurance industry representatives presented testimony before the House Committee on Financial Services on the future of the federal terror backstop, a research firm predicted ...
California Regulators OK On-Demand Rides; $1M Commercial Cover Required
On-demand ride services got the green light from California regulators on Thursday in a move the services hope will help clarify their legal status in other jurisdictions. The California Public ...
Private U.S. Mortgage Insurers Revitalized by Housing Pickup
As more Americans buy homes, the handful of private insurers that cover their mortgages are attracting heavyweight investors keen to profit from the nascent housing market recovery. With billionaire ...
U.S. Risk Council Designates Prudential for Tougher Oversight
Insurer Prudential Financial Inc. said the U.S. financial risk council has designated the company as systemically risky in a final vote, bringing it under stricter regulatory oversight. Prudential ...
Obama’s Energy, EPA Chiefs Say Climate Plan Won’t Kill Coal
New rules limiting emissions from U.S. power plants that are expected to be proposed on Friday will "provide certainty" to the coal industry, environment and energy chiefs told lawmakers anxious ...
World Trade Center Developer’s Insurance Recoupment Suit Dismissed
Real estate developer Larry Silverstein can't recoup any of the $1.2 billion recovered by World Trade Center insurers in settlements with airlines and airport security companies over the Sept. 11, ...