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Swiss Re, swimming in excess capital from lower-than-expected disaster claims, reverted to share buybacks to return cash to investors after three years of paying special dividends.
FEMA is working on settling litigation with hundreds of Hurricane Sandy victims who challenged denials or alleged underpayments of flood insurance claims.
President Obamas administration took the first step to opening the skies above the U.S. to widespread civilian drone flights while proposing strict limits on commercial operations and privacy rules for those flown by government agencies.
U.S. stocks fell, after the Standard & Poors 500 Index rose to a record Tuesday, as factory production rose less than forecast before the release of minutes from the last Federal Reserve meeting.
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