Senator Criticizes ‘Unclean’ Terrorism Insurance Bill Passed by House December 12, 2014 By Emily Stephenson Democratic U.S. Senator Charles Schumer on Thursday called for the U.S. House of Representatives to extend a federal terrorism insurance...
Delay in Drone Rules Jeopardizes Research, Competitiveness, Congress Told December 12, 2014 By Joan Lowy Commercial drone flights are taking off in other countries while the U.S. lags behind in developing safety regulations that would...
U.S. Grants Legal Immunity to Drugmakers for Ebola Vaccines December 11, 2014 The U.S. Department of Health and Human Services this week offered liability protections to drugmakers rushing to develop Ebola vaccines...
BP Appeals Gross Negligence Ruling That Triggers Fines December 11, 2014 By Laurel Brubaker Calkins and Margaret Cronin Fisk BP Plc challenged a federal judge’s ruling that the company’s exploration unit acted with gross negligence in causing the 2010...
Judge Denies Bid to Reopen Garlock Asbestos Liability Trial December 11, 2014 By Sherri Toub Garlock Sealing Technologies LLC, the EnPro Industries Inc. unit that filed Chapter 11 in June 2010 to address asbestos claims,...
Specialty Insurer James River Raises $231M in IPO December 11, 2014 By Noah Buhayar and Sonali Basak James River Group Holdings Ltd., the specialty insurer backed by hedge fund company D.E. Shaw & Co. and Goldman Sachs...
Fannie Mae Calls on Reinsurers to Back Mortgage Pool December 11, 2014 By Matt Robinson Fannie Mae bought insurance to cover a portion of losses on $6.4 billion of home loans in the mortgage giant’s...
NCAA Considers Cap on Schools’ Share of Athletes’ Insurance Cost December 11, 2014 By Eben Novy-Williams College sports’ governing body will consider limiting how much schools can contribute toward athletes’ insurance policies, according to its president....
House Passes Bill to Relax Capital Rules for Insurers December 11, 2014 By Cheyenne Hopkins A measure that would ease capital and liquidity standards for insurers under the Dodd-Frank Act was approved by the U.S....
House Passes TRIA Renewal With Higher Government Trigger, Insurers’ Co-Pay December 10, 2014 By Cheyenne Hopkins The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism,...