Democrats in the House of Representatives Thursday predicted weekend passage of a sweeping healthcare overhaul that budget analysts said would hit President Barack Obama’s fiscal targets and cut the U.S. deficit over 10 years. House Democratic leaders finished work on …
The new financial reform bill introduced in the U.S. Senate will likely be approved at the committee level next week, but its shape could change substantially once it comes before the full Senate and winning Republican support comes into play, …
U.S. Senate Banking Committee Chairman Christopher Dodd introduced his latest bill to overhaul the financial system on Monday. The committee is expected to work on the bill next week and it will likely change dramatically. Below are some of the …
A federal judge in Texas has set aside a $100 million verdict against BP Plc., saying 10 workers who sued the oil company after they were sickened by a chemical release did not prove BP was grossly negligent. Last December …
Last week Florida asked for federal financial assistance for thousands of homeowners with property damage caused by defective Chinese drywall. But the Federal Emergency Management Agency, which typically deals with hurricanes and other natural disasters, isn’t going along. The state …
The U.S. Senate has passed a measure to extend the federal flood insurance program until Dec. 31, 2010. The Senate-approved extension is a provision in a bill, American Workers, State, and Business Relief Act of 2010 (H.R. 4213), which extends …
Even though they are largely excluded from the federal financial regulatory overhaul proposed in the Senate, property/casualty insurers say there are some elements they fear could negatively affect them and their customers. Sen. Chris Dodd, D-Conn., unveiled his “Restoring American …
Senator Christopher Dodd said Thursday that he will present on Monday his own version of a financial reform bill after compromise talks with Senate Republicans broke down. Dodd, the chairman of the Senate Banking Committee, said he will present the …
The Supreme Court said Monday that it would decide whether a federal law protects vaccine manufacturers from lawsuits in state court seeking damages for alleged design defects. The high court agreed to hear a Pennsylvania case involving a lawsuit by …
The Association of Bermuda Insurers and Reinsurers (ABIR) has filed an opposition to HR 2555 which, the Association warns would “replace private sector risk bearing capital with government reinsurance and government guarantees of state debt.” In a letter addressed to …
