A panel of federal judges Friday consolidated dozens of lawsuits against Toyota Motor Corp. over cars that have raced out of control, assigning them to a single federal judge in Los Angeles. The decision is another step in the U.S. …
Proposed cuts in the agreement crop insurers have with the federal government would likely reduce reinsurers’ expected profit by 20 to 30 percent, which could lead to some companies withdrawing from the program or scaling back their capacity, according to …
Congress today could advance a provision reinstating the flood insurance program as part of a bill extending unemployment benefits and subsidies for COBRA health insurance premiums. The Senate is scheduled to vote on whether to end debate on the legislation, …
The U.S. mining industry may face additional regulations following this week’s deadly explosion at a West Virginia coal mine. Key lawmakers have vowed to look into the accident at Massey Energy’s Upper Big Branch Mine, which killed at least 25 …
Five more states are joining a Florida-led group of states in a lawsuit challenging President Barack Obama’s overhaul of the U.S. healthcare system, Florida’s attorney general said Wednesday. The joint lawsuit led by Florida and now grouping 18 states was …
The former head of the American International Group division that nearly bankrupted the giant insurer isn’t out of the woods yet. Joseph Cassano, who ran London-based AIG Financial Products and oversaw its disastrous accumulation of credit default swaps, looks likely …
Three Mississippi residents have filed suit in federal court challenging the Obama Administration’s new health care law, a newspaper reported. The suit was filed Friday in U.S. District Court in Hattiesburg on behalf of Richard Conrad of Laurel, Ryan S. …
A new federal regulation will require trucking companies that repeatedly violate driver time limits to install electronic recorders that track how long drivers are at the wheel. But the recorders will only be required for trucking companies found deficient during …
The National Highway Traffic Safety Administration (NHTSA) is seeking the maximum civil penalty of $16.375 million against Toyota Motor Corp. for failing to notify the auto safety agency of the dangerous “sticky pedal” defect for at least four months, despite …
American International Group Inc.’s chief executive said Thursday he is “pretty comfortable” the bailed-out insurer will be able to repay the U.S. government before the 2013 expiration of its credit line. AIG, which has been selling assets to repay the …
