Regulation & Compliance
Munich Re’s American Modern Fined $1 Million in Forced-Place Probe
Munich Re's American Modern Insurance unit agreed to pay a $1 million penalty, provide customer refunds and make reforms after a probe into kickbacks paid to banks, New York's financial-services ...
S&P Wants 15 State Lawsuits Over Ratings Brought to New York
McGraw Hill Financial Inc. and Standard & Poor's asked a panel of judges to pack up 15 state lawsuits in which they're accused of inflating securities ratings and ship them to New York where the ...
Biggest Supreme Court Ruling Nobody Has Heard About
The Supreme Court has yet to decide this year's attention-grabbing cases on same-sex marriage, affirmative action and the Voting Rights Act. But last week, a divided court decided Arlington v. FCC, ...
Obama Administration Issues Rules on Workplace Wellness Programs
Employees will be eligible for significantly lower premiums on the health insurance they buy through their employers if they participate in "workplace wellness programs," even if they don't improve ...
New York State: Ex-AIG Chief Greenberg Should Face Trial
Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims ...
Indian Refiners Decline Iran Insurance Offer
Iran has offered insurance to Indian refiners in a bid to boost its crude sales, industry sources said, though some oil executives warned the plan would not remove the threat of western sanctions. ...New York Regulator Requests Details on Insurers’ Cyber Security Plans
New York's top financial regulator has asked some of the largest U.S. insurance companies to disclose details on their preparedness for cyber attacks, following a similar request to major banks ...
Supreme Court Lets Stand Ruling on Disabled Employee’s Right to Job
The U.S. Supreme Court turned away an appeal by United Airlines that sought to limit a federal law that requires employers to accommodate disabled workers. The justices today left intact a federal ...