National News

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 …

Assurant Names Colberg as President, CEO

Specialty insurance provider Assurant Inc. has named Alan B. Colberg, as president, effective immediately, and as chief executive officer and director of the company’s board, effective Jan. 1, 2015. He succeeds Robert B. Pollock who announced his plan to retire …

Sedgwick to Acquire VeriClaim, Other T&H Units

Sedgwick Claims Management Services Inc. has agreed to acquire T&H Global Holdings, LLC and its subsidiaries that provide insurance claims services to insurance carriers, insurance brokers, corporations and public entities. The deal includes T&H subsidiaries VeriClaim Inc., VRS VeriClaim U.K. …

Export-Import Bank Short-Term Extension Looking Likely

The U.S. Export-Import Bank is likely to have its charter renewed through mid-2015 this week, even though lawmakers in both parties said on Tuesday they see the extension as a second-best solution. Most Republicans said they would support an extension …

HealthCare.gov Website Warned of Security, Privacy Risks

HealthCare.gov, President Barack Obama’s health insurance exchange, has security and privacy protection vulnerabilities, a U.S. government watchdog reported on Tuesday, nearly a year after the website’s troubled rollout. The General Accounting Office (GAO) said that despite steps taken by the …

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