National News

GM Victims Fund Opens Today; Hundreds of Ignition Switch Claims Expected

Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say. General Motors Co. in April hired Washington, …

AIG, GE Capital Systemic Risk Designations Renewed

The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. But the Financial Stability Oversight Council was unlikely to designate …

U.S. to Step Up Oversight of Genetic Testing

Commonly used tests to predict disease or match a cancer patient with the drug most likely to work will be more strictly regulated under a U.S. Food and Drug Administration proposal. The plan released yesterday means the agency will review …

The Hartford Realigns Senior Leadership

The Hartford Financial Services Group announced a realignment of its senior leadership positions. The Hartford CEO Christopher J. Swift said the realignment is part of the company’s strategy to grow the Property & Casualty, Group Benefits and Mutual Funds businesses …

HealthCare.Gov Cost Overruns, Tech Glitches Jeopardize November Enrollment: GAO

Ten months after the botched rollout of HealthCare.gov, Obamacare’s federal health insurance exchange is still dogged by cost overruns and technology delays that could hamper enrollment when it resumes in November, a U.S. watchdog said. The total cost of HealthCare.gov …

Cat Modeler’s Sharknado Model Follows Campy SyFy Sequel

Editor’s note: Wednesday night’s premier of “Sharknado 2: The Second One” on the SyFy Channel followed last year’s corny flick, which lit up Twitter with praise and insults for its camp and B-grade acting. The product placement-laden, cameo-heavy sequel pitted …

Shrout Joins IFG Cos. as Managing Director — Bind

IFG Cos. has added Andrew M. Shrout as managing director for its bind insurance business. Shrout will be based in Chicago and Atlanta, and will be a member of the bind leadership team that establishes and implements the new strategy …

Hartford’s Q2 Core Earnings Decline 38% to $144M; Net Loss Widens

The Hartford Financial Services Group said Wednesday its 2014 second quarter net loss widened to $467 million, compared to a net loss of $190 million during last year’s second quarter. The results were hit by $617 million of loss on …

SCI Underwriting Management Launches Four New Products for Aging Service Industry

SCI Underwriting Management, LLC, a managing insurance agency with a focus on the aging service industry, has launched four new products for the segment: property (ultimate cover); nursing home auto coverage; crime coverage form PI-ULT-009; and nursing home cyber security …

Chemcial Plants with Terrroism Risk ‘Effectively Unregulated,’ Says Senate Report

The government has failed to inspect virtually all of the chemical facilities that it considers to be at a higher risk for a terror attack and has underestimated the threat to densely populated cities, congressional investigators say. The year-long investigation …

National News Archives by Month