U.S.
Fifth Third Bancorp Will Pay $85M to Settle Mortgage Fraud Case
Fifth Third Bancorp will pay more than $84.9 million to resolve U.S. civil fraud charges that it failed to disclose material defects in more than 1,400 mortgage loans in a timely manner after ...
Significant Auto Losses Expected From Carolinas Storm
Claims are already starting to trickle in from the major storm that hit South Carolina over the weekend and is now causing additional flooding problems in North Carolina. According to State Farm ...
Cyber Attacks Increase, but Boards and Businesses Are Fighting Back
A majority of businesses admit that they experienced at least one cyber attack in the last year; companies also increasingly see these risks as a major threat to their operations. Faced with these ...
West Virginia Sues Volkswagen Over Clean Diesel Emissions Claims
West Virginia may be the first U.S. state to sue Volkswagen AG for deceiving car buyers after the Environmental Protection Agency said last month that the company had installed software to hide that ...
VW Under Pressure for Answers About Emission Scandal Details
Hans Dieter Poetsch's first board meeting as chairman of Volkswagen on Wednesday could turn out to be his most important, coming just hours before a deadline set by German regulators and testimony by ...
U.S. Supreme Court Rejects Charles Schwab Appeal in Breach-of-Contract Dispute
The U.S. Supreme Court on Monday left intact an appeals court decision that allowed a financial adviser to sue Charles Schwab Corp over allegations that the brokerage firm deviated from objectives ...
Auto Injury Claims Costs Keep Rising Even With Safer Vehicles: IRC
Auto injury claims costs are still increasing in the United States, even though better vehicle safety has helped reduce claims frequency, the Insurance Research Council found in a new report. The ...
Global Capital Standards Finalized For AIG and 8 Other Insurers
The world's nine biggest insurance companies will have to hold more capital under new rules just finalized by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis. ...