U.S.
TRIA Won’t Be Extended, P/C Carrier CEOs Say
Chief executive officers of property/casualty insurance carriers said their companies will still stand ready to provide terrorism coverage when—not if—the Terror Risk Insurance Act expires ...IRS Loses Bid to Save Tax Preparer Regulations
The U.S. Internal Revenue Service on Wednesday lost a request to prevent the partial shutdown of its tax return preparer regulatory program pending an appeal. In a one-page ruling, the U.S. Court of ...
Supreme Court Delivers Another Setback to Class Actions in Comcast Ruling
The U.S. Supreme Court on Wednesday ruled in favor of Comcast Corp. in a case over how much it charged a group of cable TV subscribers, the latest blow against consumers hoping to pursue class action ...
U.S. Housing Recovery Widespread But Uneven
By one measure, the U.S. housing market turned a significant corner early this year: Prices are on the rise everywhere. For the first time since the bottom fell out of residential real estate ...Texas Windstorm Insurer Postpones Receivership
The Texas Windstorm Insurance Association will not go into receivership, at least not right away. After hearing from coastal stakeholders, the TWIA board met in a closed session to discuss the ...Receivership Proposed for Texas’ Insurer of Last Resort
In a meeting on Monday, Mar. 25, the board of directors of Texas' insurer of last resort in coastal areas was expected to discuss the organization's dire financial condition and the possibility of ...SEC Approves But UBS Unhappy with Nasdaq Payback on Facebook IPO
U.S. regulators approved Nasdaq OMX Group's $62 million compensation plan for firms that lost money in Facebook Inc.'s glitch-ridden market debut, a victory for the exchange operator that also set ...