Regulation & Compliance
Insurers Oppose Pittsburgh Corning Bankruptcy Exit Plan
Insurers fighting Pittsburgh Corning Corp.'s reorganization have asked a judge to rescind her initial approval of the building-supply company's plan to exit bankruptcy. U.S. Bankruptcy Judge Judith ...
MPLI Lagging Commercial Lines Underwriting Cycle
Medical professional liability insurance (MPLI) is a smaller specialty property/casualty insurance underwriting segment that has generated strong annual underwriting profits since 2006, considerably ...
‘Systemically Important’ AIG Hunts for Board Member with Regulatory Experience
American International Group Inc.'s board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny, ...
Insurers, Banks See Trade Deals As Way to Weaken Dodd-Frank
U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis. While ...
Fed Officials Dampen Talk of Imminent Cut in Bond Buying
Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation ...
Wage and Hour Claims Among Top Threats to U.S. Employers
Federal wage and hour lawsuits have reached a surprise record high, according to a report by law firm Seyfarth Shaw LLP. Cases filed under the Fair Labor Standards Act (FLSA) in have continued to ...
Supreme Court to Hear SOX Mutual Fund Whistleblower Case
In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as ...
Key European Union Law On ‘Too Big to Fail’ Up for Vote
A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday. Bank of ...