Regulation/Legislation

GM argued against customers contention that the automaker forfeited immunity from past errors by hiding a long-known defect and exposing them to accidents and financial losses.

Deal was voluntarily accepted by AIG's board, former CEO Robert Willumstad says,because the insurer didn't have a handle on its cash requirements and underestimated the amount of money it needed.

MetLife Inc. CEO Steven Kandarian was accompanied by Washington lawyer Eugene Scalia at a hearing today to challenge regulators proposal to subject the insurer to Federal Reserve oversight, a person with knowledge of the matter said.

Pop quiz: Which high-profile official faulted the Obama administration for the following botched responses to the financial crisis?

Mortgage servicers will be required to escrow premiums and fees for flood insurance under a regulation now being proposed by federal banking agencies.

The International Association of Insurance Supervisors on Thursday unveiled what it envisions as a uniform capital framework for internationally active insurers, or global systemically important insurers.