The Securities and Exchange Commission (SEC) has charged that five individuals, including a former investment banker at Goldman Sachs & Co., illegally tipped or traded on confidential information ahead of an announcement in April 2008 that Liberty Mutual Insurance Co. …
The Senate health committee Wednesday approved its version of legislation to overhaul the U.S. health industry, which is to be combined with a bill yet to be written in the Senate Finance Committee. The Democratic-controlled health panel’s bill, approved on …
A new roadside survey by the National Highway Traffic Safety Administration confirms a continuing decline in the percentage of legally intoxicated drivers. In 1973, 7.5 percent of drivers had a blood alcohol concentration (BAC) of .08 or higher. In the …
Legislation that would temporarily extend the National Flood Insurance Program (NFIP) until March 31, 2010, was introduced into Congress yesterday. House Financial Services Housing Subcommittee Chairwoman Maxine Waters, D-Calif., and Committee Chairman Barney Frank, D-Mass., introduced the extension bill, which …
The Obama administration plans to detail as soon as this week new measures to clamp down on potential conflicts of interest between compensation consultants and corporate executives, sources familiar with the administration’s thinking told Reuters Wednesday. The administration is considering …
It will take a compromise on a government option for insurance if the Senate is to agree on a health care overall before next month’s break, according to two senators. President Barack Obama is pushing for an Aug. 8 deadline …
New York State Insurance Department licensees should protect their businesses by ensuring that they comply with federal requirements designed to prevent such practices as money laundering and other illegal international transactions, Insurance Superintendent Eric Dinallo has warned. “Complying with federal …
After years of Dunloup Creek in West Virginia’s Fayette County constantly flooding, officials think they’ve found a solution: abandon the region. The federal Natural Resources Conservation Service and the Dunloup Creek Watershed Association have devised a plan to offer voluntary …
Hartford Financial Services Group Inc. said Friday it has taken $3.4 billion of federal bailout money, the maximum it was authorized to accept, to bolster capital in the wake of large investment losses. The Hartford, Connecticut-based company is one of …
The top U.S. accounting rulemaker denounced the “politicization” of accounting standards on Friday, three months after he was pressured by Congress to make changes that would help banks’ results. Financial Accounting Standards Board Chairman Robert Herz said lobbying by special …
