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☆ Warren Buffett is worried about potential for 'huge losses' in booming, but still tiny insurance market
▼ + stars: | 2024-05-31 | by ( Kevin Williams | ) www.cnbc.com time to read: +11 min

Cyber insurance has become "a very fashionable product," Jain said at the annual meeting. Shokrai says categorizing how to attribute an event is the topic of much debate between insurance companies. "That is a big debate between insurance companies; it is an important distinction that needs clarity," Shokrai said. "I will tell you that most people want to be in anything that's fashionable when they write insurance. "Probably Warren Buffet would have called cybersecurity insurance an opportunity when he was younger," he said.

Persons: Buffett, Glombicki, Gerald Glombicki, Fitch, Berkshire Hathaway, Chubb, Jain, it's, Warren Buffett, Ajit Jain, Michael Chertoff —, Mark Friedlander, Friedlander, " Friedlander, Monica Shokrai, Warren Buffet, Shokrai, isn't, Josephine Wolff, Steve Griffin, they'll, They're, Charlie, Munger, Griffin, Warren Organizations: Industry, AIG, Berkshire Hathaway's, Berkshire, Homeland Security, Insurance, Google, The Fletcher School, Tufts University, L3 Networks Locations: Fitch Rating's, Berkshire, Omaha, California, . Berkshire

☆ House sends Mayorkas impeachment articles to the Senate
▼ + stars: | 2024-04-16 | by ( Annie Grayer | Priscilla Alvarez | ) edition.cnn.com time to read: +11 min

CNN —House Republicans have sent to the Senate two articles of impeachment against Homeland Security Secretary Alejandro Mayorkas, a step that launches a trial in the Senate as GOP lawmakers seek to highlight President Joe Biden’s handling of immigration policy. House Republicans do not have the votes or concrete evidence to impeach Biden given their razor-thin majority, leaving that separate impeachment inquiry stalled. GOP arguments for impeachment and pushback from constitutional expertsWhen Johnson originally informed Schumer he would be sending the impeachment articles over to the Senate, he laid out why he believed a Mayorkas impeachment was justified. “These articles lay out a clear, compelling, and irrefutable case for Secretary Alejandro Mayorkas’ impeachment,” Green said in a statement provided to CNN. “I think that what the House Republicans are asserting is that Secretary Mayorkas is guilty of maladministration,” Garber said.

Persons: Alejandro Mayorkas, Joe Biden’s, Mayorkas, Biden, —, impeaching Biden, ”, Donald Trump, Mike Johnson, Trump, Ian Sams, Johnson, Schumer, Mark Green of, Alejandro Mayorkas ’, ” Green, systemically, Samuel Alito, Ross Garber, ” Garber, “, Michael Chertoff, George W, Bush, Jonathan Turley, Chuck Schumer, Dick Durbin, “ I’m, CNN’s Manu Raju, I’ve, –, John Thune, ” Johnson, Pro Tempore Patty Murray, Michael McCaul of, Andy Biggs of, Clay Higgins, Ben Cline of Virginia, Michael Guest of, Andrew Garbarino, Marjorie Taylor Greene, Pfluger, Harriet Hageman of, Laurel Lee, CNN’s Ted Barrett, Morgan Rimmer Organizations: CNN — House Republicans, Homeland, Senate, Democratic, Republicans, Homeland Security, Biden, House Republicans, DHS, ’, Louisiana Republican, Truth, White, CNN, Congress, Tulane University, Republican, Senate Democratic, Mayorkas, Pro Tempore Locations: Louisiana, Mark Green of Tennessee, Washington, Michael McCaul of Texas, Andy Biggs of Arizona, Clay Higgins of Louisiana, Michael Guest of Mississippi, New York, Marjorie Taylor Greene of Georgia, Texas, Harriet Hageman of Wyoming, Laurel Lee of Florida

Corporate execs and lawyers with business before the Supreme Court mingled with some of the country's most influential jurists. Revelations about Thomas and Crow's relationship have prompted calls in Congress for the Supreme Court to adopt its first-ever binding code of ethics. But as a Supreme Court justice, Kagan is not currently bound by those rules. The Aspen Institute isn't alone in dangling Supreme Court access to lure deep-pocketed donors. Financial support for a public mission flowed one way, and scheduled private time with Supreme Court justices was dispensed in return.

Persons: Meryl Chertoff, Kagan, Michael Chertoff, SCOTUS, Elena Kagan, execs, Brett Kavanaugh, Trump, Kavanaugh, Clarence Thomas, Harlan Crow, Thomas, Kathleen Clark, Louis, Clark, Kavanaugh —, Shook, Hardy, Bacon, Tristan Duncan, Peabody, Christina Sullivan, Brian O'Connor, Sandra Day O'Connor, Lakhani, That's, litigator, George W, Bush, Michael Chertoff's, wasn't, he'd, Chertoff, John Roberts, Gabe Roth, Roth, Crow, Rob Schenck, Tom Monaghan, Jay Sekulow, Sidney Powell —, Sonia Sotomayor's, that's Organizations: Service, Aspen Institute, DC, Aspen, Washington University, Peabody Energy, Peabody, Duncan, Speedway, Supreme, Aspen Institute's Justice, Society, Homeland Security, Chertoff, CNN, The New York Times, Historical Society, Trump, Associated Press, University of Colorado Law School Locations: Wall, Silicon, St, Washington, Pakistan, Chertoff, Aspen Institute isn't

☆ Supreme Court requests $12 million more for justices' security after threats in the wake of abortion ruling
▼ + stars: | 2023-03-09 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +3 min

The Supreme Court requested millions more from Congress in security funding. "On-going threat assessments show evolving risks that require continuous protection," the budget request read. "Additional funding would provide for contract positions, eventually transitioning to full-time employees, that will augment capabilities of the Supreme Court police force and allow it to accomplish its protective mission." It's the court's first budget request following heightened concerns about the justices' safety. Additional fencing had also been erected outside of the Supreme Court building, though was later taken down as protests dwindled near the end of August.

☆ Progressives blast Supreme Court over secret payments of at least $1 million to the ex-Bush official who reviewed the leak investigation
▼ + stars: | 2023-01-27 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +3 min

The Supreme Court failed to disclose its past relationship with Michael Chertoff, CNN reported. Chertoff, a security consultant, recently reviewed the court's internal leak investigation. The firm also assessed COVID-19 practices at the court, CNN reported. The hidden payments come as progressive groups, congressional lawmakers, court observers, and ethics advocates demand greater financial transparency at the Supreme Court, which is not required by law to disclose its contracts. A spokesperson for Chertoff declined to comment and referred Insider to the Supreme Court's public information office for questions.

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