federal regulation News

Corporate Fines, Penalties Plummet Under Trump Administration

While Donald Trump has positioned himself as a tough, “law and order” president, he has mostly excluded one group of offenders from his sights: those of the corporate class, according to a report released Wednesday by Washington-based watchdog Public Citizen. …

Regulation, Deregulation and the Markets: Bloomberg View

From the very start of his presidency, Donald Trump has made it a high priority to reduce the level of federal regulation. And in 2017, the stock market has boomed. Many business leaders believe that this is hardly a coincidence, …

Lucky to Be Alive, Calling for a Revolution in Road Safety

Three weeks ago, I was walking home on a dark, snowy night in Concord, Massachusetts. The next thing I knew, I was in a hospital, hooked up to some kind of machine. I could not lift my legs or even …

Federal Insurance Chief McRaith Leaving Post on Jan. 20

Michael McRaith, who has served as director the Federal Insurance Office since its creation in 2011, is resigning his post as of Jan. 20. as the Trump Administration begins. McRaith announced his plan to leave the agency during a Jan. …

Republican Platform Under Trump: Reinstate Glass-Steagall, Go Slow on Trade Pacts

Republican National Convention delegates approved a platform Monday that calls for reinstating the Glass-Steagall Act and scaling back the Dodd-Frank financial overhaul, calling it the Democrats’ “legislative Godzilla.” The Glass-Steagall measure puts presumptive presidential nominee Donald Trump and his party …

Treasury Names 12 to Federal Insurance Advisory Committee

The U.S. Department of the Treasury has named 12 individuals including several insurance industry executives, a professor, a consumer advocate and six state regulators to serve on the Federal Advisory Committee on Insurance (FACI). The FACI was established to provide …

EEOC Invites Public Comment on Employment Regulations

Those wishing to tell the Equal Employment Opportunity Commission (EEOC) what they think of the agency’s existing regulations are being given the opportunity. The EEOC, which enforces laws on employment discrimination, has invited the public to comment on “significant existing …

P/C Insurers See Surge in Cyber Insurance, M&A Activity in 2015

Property/casualty insurance executives overwhelmingly predict growth in both cyber insurance and merger and acquisitions (M&A) activity in 2015, according to a new Insurance Information Institute annual survey. I.I.I.’s survey of executives attending its annual Property/Casualty Insurance Joint Industry Forum also …

MetLife to Sue to Overturn Systemically Risky Designation

MetLife Inc. said it will sue in federal court as part of Chief Executive Officer Steve Kandarian’s effort to overturn a finding that the insurer is systemically important. A complaint will be filed today in Washington to oppose the U.S. …

Methane Emissions Becoming an Issue for North Dakota Oil Industry

Methane emissions will likely be the next big environmental issue to face North Dakota’s booming oil industry according to a top official at the state’s Department of Health. Dave Glatt, chief of the Department of Health’s environmental health section, said …