National News

Federal Regulators Uncertain Over AIG Bailout-Shares Deal, E-mails Show

U.S. regulators feared they lacked authority to structure the rescue of American International Group Inc. in a way that would allow them to take control of the insurer and head off shareholder opposition, according to e- mails introduced as part …

Marsh & McLennan Names McGivney Senior Vice President, Corporate Finance

Marsh & McLennan Companies Inc. announced that Mark McGivney will become senior vice president, Corporate Finance, reporting to Chief Financial Officer Mike Bischoff, effective October 1. McGivney will be responsible for overseeing the Corporate Development, Investor Relations, and Treasury functions. …

EEOC Suits Against Employers Allege Transgender Bias

A funeral home and an eye clinic that fired employees who had changed their sex from male to female were sued last week as the U.S. government filed its first-ever federal lawsuits for transgender discrimination. The cases could lay the …

ProAssurance, Pro-Praxis Introduce Excess Package for Complex Healthcare Risks

ProAssurance Corp. of Birmingham, Ala., has launched a new suite of excess insurance coverages, ProAssurance Complex Medicine, or ProCxM, for large healthcare facilities and organizations. This new package of coverages and related services will allow the company to respond more …

Specialty Insurance Group, Britton Gallagher Offer Pyrotechnics Program

Specialty Insurance Group (SIG), a member of the Everest Re Group Ltd., and independently operated insurance brokerage firm Britton Gallagher have together launched a new insurance, loss control and safety program for the pyrotechnics market. The strategic partnership with Britton …

Securities Brokerages Free to Be Uninsured for Legal Awards

The industry group that regulates securities brokerages has decided it cannot force firms to carry insurance for payment of awards granted by arbitration panels or courts to customers who have lost money, a spokeswoman said on Monday. After agreeing a …

Antitrust Review Delays Verisk’s Purchase of EagleView

Verisk Analytics Inc., the supplier of data to insurers and banks, said its planned $650 million takeover of EagleView Technology Corp. has been delayed amid a review by antitrust regulators. The purchase agreement has been extended to Dec. 31, after …

Greenberg’s Lawyer Says U.S. Demonized, Extorted AIG Shareholders in Bailout

The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice “Hank” Greenberg said. Greenberg’s Starr International Co., AIG’s largest shareholder when the …

U.S. Hospitals Face Risks in Ebola Virus Waste Disposal

U.S. hospitals may be unprepared to safely dispose of the infectious waste generated by any Ebola virus disease patient to arrive unannounced in the country, potentially putting the wider community at risk, biosafety experts said. Waste management companies are refusing …

Colleges Look to Control Fraternities, Hazing As Tragic Incidents Multiply

The death of a Clemson University sophomore is the latest incident to raise alarms about safety at fraternities on U.S. campuses, with more colleges cracking down on dangerous behavior. Clemson, in South Carolina, said Sept. 23 that it suspended new-member …

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