Regulation & Compliance
Florida to Create Clearinghouse for Citizens Business
Florida lawmakers have approved legislation that seeks to slow the growth of the state-backed property insurer by diverting new policies into the private market while largely retaining the status quo ...
Court Upholds California Commissioner’s Authority in Mercury Rate Cut
The California Court of Appeal has upheld a Los Angeles Superior Court ruling by dismissing Mercury Insurance Co.'s lawsuit challenging Insurance Commissioner Dave Jones' authority to decrease the ...SEC Charges Pennsylvania’s Harrisburg With Fraud
Federal regulators on Monday accused Pennsylvania's beleaguered capital, Harrisburg, of committing fraud, in a move that officials said is meant to send a warning to local officials about the ...
Rate Hikes Likely If Terror Insurance Act Not Renewed: Fitch
Failure to renew the Terrorism Risk Insurance Act (TRIA) could induce commercial insurers to retreat from larger metropolitan areas, reducing availability of coverage and raising premium rates, Fitch ...
Many Bosses ‘Cook the Books’ to Meet Tough Goals: Fraud Survey
Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst & Young says in its latest fraud survey ...
How Imports Support U.S. Jobs Including Insurance
A new report credits imports with supporting 16 million U.S. jobs in a bid by business groups to improve the image of the ugly brother of trade. While politicians from President Barack Obama on down ...
Patent Claims Cause Firms to Drop Business Lines: Study
Patent demands are taking a big toll on technology companies, with results that range from forcing companies to tweak their products to exiting their business altogether, according to a study from ...