Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood-insurance premium would remain about the same. After reading recently about a change in the federal flood program, they checked on next year’s rates and were stunned: Their bill will grow to $14,000 annually.
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected insurers.
JPMorgan Chase & Co. is preparing to pay $13 billion to end U.S. civil probes of its mortgage-bond sales, an amount that ranks among the largest settlements by a single company and dwarfs fines previously imposed by the Justice Department. Past accords include:
There is no shortage of billionaires -- the Koch brothers, Carl Icahn, Dan Loeb and, yes, Mike Bloomberg, to name a handful -- who are willing to use their vast wealth to push a particular political agenda or to advocate for a specific social reform. That’s hardly a revelation.