National News

Documents At End of AIG Bailout Testimony Could Aid Greenberg

The Federal Reserve Bank of New York’s legal advisers sought to devise ways to avoid accountability to shareholders in the 2008 bailout of American International Group Inc., according to evidence introduced at the end of trial testimony over terms of …

Fasten Your Seatbelts, Flying Cars Could Take-Off Within 3 Years

The first time Carl Dietrich brought his flying-car concept to the Experimental Aircraft Association’s annual AirVenture gathering in Oshkosh, Wisconsin, he had only a video to show the aviation geeks who wandered by his modest stall. The following year, he …

Quiet Atlantic Hurricane Season Coming to End

The Atlantic hurricane season will officially end November 30, and will be remembered as a relatively quiet season as was predicted, according to weather scientists at the National Oceanic and Atmospheric Administration (NOAA). “Fortunately, much of the U.S. coastline was …

Nationwide, Hartford Steam Boiler Offer Cyber Cover for Small Business Owners

As more than half of all U.S. small businesses have experienced a data breach, Nationwide has joined forces with Hartford Steam Boiler (HSB) to offer cyber insurance coverage for small business owners. The services and coverages help small businesses respond …

FHA Chief Watt Says Force-Placed Home Insurance Changes ‘Tough’

The Federal Housing Finance Agency has yet to deliver on changes to a controversial type of homeowners’ insurance even as its director told the Senate Banking Committee last week that it’s making progress. So-called force-placed insurance, which banks buy to …

Employee Loyalty Highest at Small, Local Businesses

Employees of small, locally owned businesses have the highest level of loyalty to their employers — and for rural workers, size and ownership of their company figure even more into their commitment than job satisfaction does, according to Baylor University …

Whistleblower Tips, Award Amount Increased in 2014, Reports SEC

The U.S. Securities and Exchange Commission received more than 3,500 tips from whistleblowers in fiscal year 2014, the largest number received since the program went into effect three years ago. The SEC announced the increase in its Nov. 17 annual …

House Republicans Sue Obama Over Delay in Health Insurance Mandate

U.S. House Republicans sued President Barack Obama’s administration over implementation of the 2010 healthcare law, saying the president exceeded his authority by delaying part of the program. The complaint filed yesterday in Washington federal court said the president unlawfully postponed …

Target: Retailer Owes No Duty to Banks in Data Breach

A Target Corp. lawyer told a judge that the company had no legal obligation to banks that claim to have lost tens of millions of dollars after a hack last year on the retailer’s payment processing systems. Target didn’t have …

Home-Sharing Service Airbnb Offers $1M Host Liability Policy

The fast-growing online residential space sharing service Airbnb has added a $1 million liability insurance policy that protects those, including landlords and homeowners associations, facing lawsuits related to the renting of their properties through the service. The new Host Protection …

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