NY, NJ and Conn.: No Hurricane Deductibles After Sandy
New York, New Jersey and Connecticut officials say Sandy was a post-tropical cyclone at the time of landfall, and therefore insurers will not be permitted to apply hurricane deductibles.
LIBOR Case Subpoenas Expand to 16 Banks
Now the list of subpoenaed banks has expanded to a total of 16, including Société Générale and Royal Bank of Canada (RBC), and more attorneys general are coming in on the investigation.
New York on Solid Ground to Sanction Standard Chartered, Experts Say
Experts in the U.S. and abroad say that the bank's internal e-mails give the New York regulator a basis for its unilateral action.
N.Y. Action on Standard Chartered Surprised Other Regulators
Not only was Standard Chartered apparently blindsided by the move, so were federal regulators; negotiations had been ongoing for some time for what the bank hoped would be a quiet settlement.
To Be or Not To Be a Resident
Do you have clients who can answer "yes" to any of these questions: Are you considering changing your state residence? Do you have more than...