National News

Ryan to Head Research for Marsh’s Workers’ Compensation Center

Tom Ryan has been named market research leader at Marsh’s Workers’ Compensation Center of Excellence. Ryan been with  Marsh Risk Consulting for the past 20 years. Most recently, he was the Northeast leader of MRC’s casualty claims consulting practice. He …

Insurance Will Absorb Some Costs in Home Depot’s Giant Privacy Breach

Home Depot Inc. Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s unprecedented breach at Target Corp. Home Depot, …

New CEO Hancock Puts Stamp on AIG Management in Shake-Up

American International Group Inc. named Kevin Hogan to lead its main life insurance business, putting him in charge of offerings for individuals, as new Chief Executive Officer Peter Hancock shakes up management. Hogan takes on the duties from life-unit CEO …

Insurers Bonding with Climate Change Battle

Nearly one-in-five major investors in green bonds issued by one of the world’s largest players in that market is coming from the insurance industry. If you haven’t heard much about green bonds and insurance investments up to now, you probably …

North Dakota Commissioner to Serve on Financial Stability Oversight Council

The National Association of Insurance Commissioners (NAIC) appointed NAIC President and North Dakota Insurance Commissioner Adam Hamm to serve a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC). The 15-member FSOC was created …

Administration Says 7.3 Milion People Paid for Obamacare Coverage

About 7.3 million people have paid for their Obamacare coverage and remain enrolled in health insurance plans sold through new government-run markets, a top U.S. official said today. That’s a 9 percent reduction from the government’s 8 million May estimate, …

NOAA Hopes Drones Get Data from Hurricane Edouard

U.S. government scientists are launching winged drones into Hurricane Edouard, hoping to collect data that could help forecasters understand what makes some storms strengthen into monsters while others fade away. This week’s launches mark the first time that unmanned aircraft …

Congress Hits Auto Safety Agency’s Role in GM Recalls

Both houses of Congress scolded the U.S. highway safety agency Tuesday over its tardy handling of a deadly problem with General Motors cars, questioning whether it is competent to guarantee the safety of increasingly complex vehicles. David Friedman, acting chief …

Republicans Question Labor Board on McDonald’s Franchise Liability Case

Two Republican lawmakers on Wednesday asked a U.S. labor agency for more information about a recent finding that fast-food chain McDonald’s Corp. could be held liable for the labor practices of franchisees, a view that has alarmed many businesses. The …

Allianz to Assume Fireman’s Fund Commercial Lines; Future of Personal Lines Uncertain

German insurance giant Allianz said it will absorb the commercial lines business of its U.S. subsidiary Fireman’s Fund Insurance Co. into one of its own global divisions. Meanwhile, after days of declining to comment, Allianz has acknowledged it is considering …

National News Archives by Month