Texas insurance regulators are seeking a consultant to explore options for restructuring the insurer of last resort for properties along the Texas coast. The Texas Department of Insurance has issued a request for proposal (RFP) seeking assistance in identifying, evaluating …
New York financial regulators are reportedly investigating several major banks to find out whether they fraudulently steered homeowners into more expensive home insurance. According to The New York Times, the office of Benjamin Lawsky, the superintendent of New York State’s …
The U.S. Securities and Exchange Commission does not plan to charge Allianz SE for illegal activity at its private equity investments, according to two people familiar with the matter, in a case that could have tested the agency’s reach. Europe’s …
A U.S. tourist detained in the presumed death of his travel companion on the Caribbean island of Aruba had an insurance policy that covered the missing woman, a prosecutor said Wednesday. Gary Giordano mentioned the travel insurance during questioning, but …
French investigators said on Friday that the crew of Air France’s Rio-Paris flight which crashed into the Atlantic two years ago ignored repeated stall warnings and failed to follow textbook procedures. France’s BEA authority issued 10 new safety recommendations aimed …
Rupert Murdoch on Thursday caved in to pressure from Britain’s parliament to answer questions over alleged crimes at one of his newspapers, setting up a showdown with lawmakers keen to break the media mogul’s grip on politics. British police arrested …
A French airliner plunged out of control for four minutes before crashing into the Atlantic in 2009, investigators said, in a report raising questions about how the crew handled a “stall alarm” blaring out in the cabin. Information gleaned from …
A row has erupted between Air France and Airbus as pressure grows to explain the 2009 Rio-Paris plane crash using data recovered from black boxes. The tensions were laid bare inadvertently by a top official, following days of finger-pointing in …
Preliminary readings of black box data recovered from a French Airbus plane that crashed in the Atlantic have eased any immediate concerns over the safety of A330 aircraft, but investigators warned on Tuesday against rushing to blame the crew for …
Britain is probing investment banks over insurer Prudential Plc’s failed $35.5 billion bid for rival AIG’s Asian business, AIA, last year, two people familiar with the matter said. The probe, ordered by the Financial Services Authority (FSA), would examine the …
