Articles by Karl Plume and Tim McLaughlin

Insurers Deploy Drone Fleets to Speed Harvey Disaster Recovery

Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft’s ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders. …

Harvey’s Insured Losses Hurt Insurers’ Stocks, Could Boost Reinsurers’ Prices

Hurricane Harvey’s whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of U.S. property and casualty insurers on Monday as Wall Street analysts estimated insured losses as high as $20 billion. That would make …

Bill Protecting Drivers Who Hit Protesters Dies in North Dakota

A controversial North Dakota bill that sought to shield motorists from liability if they unintentionally hit a protester on a roadway, injuring or killing them failed to garner enough support from lawmakers. House Bill 1203, introduced in January by Republicans, …

New York Attorney General Concerned Trump May Gut Anti-Fraud Law

New York’s top law enforcement official said he does not want U.S. President-elect Donald Trump’s administration to “eviscerate” the state’s anti-fraud law that has dropped a hammer on Wall Street corruption. New York Attorney General Eric Schneiderman said on Thursday …

Regulators Look to State Laws as Republicans Move to Change Dodd-Frank

State securities regulators said they may have to rely more heavily on local laws to police banks and finance companies if President-elect Donald Trump and a Republican-controlled Congress roll back federal reforms introduced after the financial crisis. For example, New …

Uber Sued Over Wheelchair Access by Chicago Disability Group

A Chicago-based disability rights group has filed a federal lawsuit against Uber Technologies Inc. alleging the ride-hailing company has violated wheelchair accessibility laws. The lawsuit, filed by Access Living of Metropolitan Chicago and three disabled people associated with the group, …

Victims in Meningitis Outbreak Cleared to File Product Liability Suits

Victims in Tennessee of a deadly U.S. meningitis outbreak won the right to pursue a new avenue of litigation against healthcare facilities and doctors there, after a ruling by a U.S. bankruptcy judge this week. Tennessee was the second hardest-hit …

Boston Marathon Bombings Suspect Identified: Reports

Investigators believe they have identified a suspect in the Boston Marathon bombing from security video and an official statement was expected later in the day, a U.S. law enforcement source said on Wednesday. However, no arrest had been made, three …

Bankrupt Meningitis Pharmacy Battles States Over Insurance

The bankruptcy estate of the pharmacy linked to a deadly U.S. meningitis outbreak plans to battle nearly 30 states to preserve its right to redeem several million dollars worth of insurance policies for creditors. The insurance policies are key assets …

Fidelity Investments Challenged Over Use of ‘Float Income’

Fidelity Investments, the largest U.S. provider of workplace retirement plans, is facing more accusations it improperly uses customer money earned in overnight accounts to pay its own operating expenses. Three Massachusetts residents accused Boston-based Fidelity on Thursday of using income …