Regulation & Compliance
Louisiana Commissioner Opposes $100M Citizens Insurance Borrowing Plan
Louisiana Insurance Commissioner Jim Donelon said it's premature for the state property insurer of last resort to borrow $100 million to help close a budget gap, according to a letter released March ...
New York Reaches Settlement With Assurant, Largest U.S. ‘Force-Placed’ Insurer
The New York State Department of Financial Services investigation has produced a settlement with the country's largest "force-placed" insurer, Assurant Inc. New York Gov. Andrew Cuomo, who announced ...
One-Click Vote Button Vanishing From Proxy Sites; Reaction To SEC Concerns
Pressured by regulators, websites that help collect shareholders' votes have removed a button that set all votes as recommended by boards of directors—a controversial design that seemed to give an ...Lawsuit, Reg Charges Force $700M-Plus Deutsche Bank Restatement
Deutsche Bank cut its previously reported 2012 pretax profit by 600 million euros ($773 million) on Wednesday, hit by new charges related to mortgage-related lawsuits and other regulatory ...
Too Much Analysis Primes Whistleblower Suits: Lawyer
If your company uses a detailed analytical process to arrive at projections of growth or earnings, that process may make you particularly vulnerable to shareholder suits when forecasts don't pan out, ...