Dodd-Frank News

SEC Reports Rise in Whistleblower Tips in Fiscal 2014

The U.S. Securities and Exchange Commission received more than 3,500 tips from whistleblowers in fiscal year 2014, the largest number received since the program went into effect three years ago. The SEC announced the increase in its Nov. 17 annual …

Record Payout to Foreign Whistleblower a Warning to Global Businesses

U.S. regulators will pay a record $30 million bounty to an anonymous whistleblower outside the United States, underlining the growing reach of the country’s watchdogs and creating a headache for global firms in fast-growing emerging markets. The award is one …

Federal Advisory Committee on Insurance Appointed

The U.S. Department of the Treasury today announced the appointment of 21 individuals to serve as members of the Federal Advisory Committee on Insurance (FACI). FACI provides advice to the Federal Insurance Office (FIO) on issues related to the responsibilities …

Professional Liability Rates to Increase in Coming Year: Survey

Expanding regulatory risks, rate increases and emerging exposures from social media highlight a myriad of current issues facing the management liability and professional lines market, according to a recent survey by global specialty insurer Torus. The survey findings indicate that …

Insurers Trade Group PCI Cites 2011 Wins, 2012 Goals

The Property Casualty Insurers Association of America (PCI) has developed into a lean, mean fighting machine, according to the organization’s president, David Sampson. It’s been eight years since the merger between two trade insurance groups -the Alliance of American Insurers …

Whistleblowers Earn a Record $532 Million in 2011

Whistleblowers earned more than $532 million in 2011 through lawsuits alleging fraud against the U.S. government, a record for such payouts, according to a law firm study published on Friday. Private parties suing on the behalf of the government collected …

Survey: Company Execs Anticipate Rise in Whistleblower Claims

Littler Mendelson, P.C. (Littler), a nationwide employment and labor law firm representing management, has released results of its National Whistleblower Survey. The firm surveyed a cross-section of senior executives, most of whom represent S&P 500 organizations, to determine how the …