National News

AIG Ex-CEO Liddy Testifies on Role in Bailout

Former American International Group Inc. Chief Executive Officer Edward Liddy testified he chose not to buck government overseers who selected him to run the bailed- out insurer. Developing trust with regulators was for the “benefit of AIG,” he told the …

States’ Efforts on Climate Change Adaptation: Half Full or Half Empty?

Who hates that glass-half-full analogy? I’m guessing more than half of you, but let’s not let that stand in the way of using the clichéd-to-death philosophical quandary to illustrate a point being made by a new online tool that shows …

Computer Model Predicts 2 Dozen Ebola Cases in U.S. This Month

There could be as many as two dozen people in the U.S. infected with Ebola by the end of the month, according to researchers tracking the virus with a computer model. The actual number will probably be far smaller and …

AIG Bailout Trial Probes Role of Ex-CEO Liddy

Former American International Group Inc. Chief Executive Officer Edward Liddy will face a key question on the witness stand in a trial over claims shareholders were cheated of at least $25 billion in the insurer’s bailout: was he or the …

Obamacare Mitigates Costs for Big Employers, Refuting Lobbyists’ Predictions

Business groups said soon after Obamacare became law in 2010 that the sweeping healthcare overhaul would impose huge new costs on U.S. employers, leading to job losses. Three years later, with the Patient Protection and Affordable Care Act in effect, …

AIG’s Barone Joins Beazley’s Fidelity and Crime Insurance Unit

Beazley Plc hired Matt Barone from American International Group Inc., becoming the second insurer in a month to recruit from AIG to build groups that sell coverage protecting corporate clients against crimes. Barone joins the fidelity bond and crime team …

XL Group Adds Kidnap, Ransom & Extortion to Yacht Insurance

XL Group is adding a Kidnap, Ransom & Extortion Crisis (KRE) endorsement to its existing ShipShape and ShipShape Plus recreational marine insurance coverages, with limits up to $50 million. Under the new endorsement, yachts insured by ShipShape can choose liability …

Weather Tracking Firm Receives Patent on Storm Warning Technology

Earth Networks Inc., a Maryland company that provides weather-tracking services, has received a patent on a technology that can be used to track storm cells. Patent 8,836,518 covers a method that uses lightning-flash rates to track the cells. According to …

Tropical Storm Ana Eyes Hawaii; Hurricane Gonzalo Threatens Bermuda

Hurricane Gonzalo grew into a major storm that threatens Bermuda later this week, while half a world away Tropical Storm Ana may become the second system this year to sweep Hawaii’s Big Island. Gonzalo, with top winds of 115 miles …

CDC Steps Up Ebola Risk Management, Names Expert Team for Hospitals

A team of infection experts will be sent to any U.S. hospital with a confirmed Ebola case, according to the nation’s top disease control official, who said such a group could have prevented the infection of a Dallas nurse who …

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