U.S.
U.S. Senators Push Bill To Scrap Fannie, Freddie In Favor Of Govt. Reinsurer
A bipartisan group of U.S. senators on Tuesday introduced a bill to abolish Fannie Mae and Freddie Mac and replace them with a government reinsurer of mortgage securities that would backstop private ...
21 P/C Insolvencies In 2012: A.M. Best
Rating agency A.M. Best released its annual tally of U.S. property/casualty industry financial impairments yesterday, counting up 21 for 2012—13 less than the 2011 figure of 34. The 2012 count was ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Supreme Court Extends Ban on Suits Against Generic Drugs
The U.S. Supreme Court reinforced its bar on lawsuits by patients against generic-drug makers, overturning a $21 million award to a woman who suffered debilitating injuries after taking a generic ...
Big Business Chalks Up More Wins Over Class Actions at Supreme Court
In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits against corporate defendants. ...
Former AIG CEO Greenberg Must Face N.Y. Suit Over Reinsurance
Former American International Group Chief Executive Maurice "Hank" Greenberg failed to persuade New York state's highest court to dismiss a lawsuit seeking to hold him accountable for sham ...S&P Mortgage Ratings Trial Sought by U.S. in February 2015
The U.S. Justice Department is seeking a trial in February 2015 in its lawsuit against McGraw Hill Financial Inc.'s Standard & Poor's unit over ratings on residential mortgage-backed securities. ...
Supreme Court Upholds Immunity for Army Corps; Rejects Katrina Victims’ Claims
The U.S. Supreme Court rejected an appeal from Hurricane Katrina victims seeking billions of dollars on claims that the Army Corps of Engineers added to the storm's impact by improperly maintaining a ...