Concorde Trial Starts in France 10 Years after Crash
Continental Airlines and five men went on trial on Tuesday for their alleged role in the crash of an Air France Concorde that killed 113 people in 2000 and brought an end to an era of luxury …
U.S. Treasury Investigator Says French Regulator Was Open to AIG Talks
An overseer for the U.S. bailout program said Tuesday that France's banking regulator was open to further negotiations over possible concessions on payments from bailed out insurer AIG,
U.S. Judge Dismisses Claims Against Moody’s, Standard & Poor’s
In a victory for ratings agencies, a U.S. judge Tuesday dismissed claims against Moody's Corp
Treasury Secretary Geithner Denies Role in AIG Disclosure
U.S.
U.S. Bans Texting by Drivers of Large Trucks, Buses
The U.S. government Tuesday banned hand-held “texting'' by drivers of large commercial trucks and buses to avoid the danger of distracted driving. Transportation Secretary Ray LaHood said in a …
AIG Asks Financial Product Employees to Take Retention Pay Cut
American International Group Inc.
Rhode Island Lawmaker Wants to Ban Phone Use while Driving
A Rhode Island lawmaker is renewing his push to ban drivers from using hand-held cell phones while behind the wheel. Pawtucket Democrat Peter Kilmartin introduced a bill Tuesday that bans drivers …
Virginia County Wants Insurers to Pay for Ambulance Services
The Board of County Supervisors in
Federal Reserve Defends Dealings Over AIG Payments to Banks
Federal Reserve officials Tuesday launched a vigorous defense of their dealings with American International Group, calling for a congressional audit and denying any inappropriate action with …
House, Senate Democrats Struggle to Find Healthcare Compromise
Democrats in the House struggled Tuesday to find common ground with the Senate on how to pay for a healthcare reform bill, with the differences over taxes emerging as the biggest stumbling block …
Congressional Pressure Builds to Disclose AIG Payments to Banks
U.S. lawmakers moved Tuesday to force release of documents that may show whether the New York Federal Reserve pressured insurer AIG to limit discussions about payments to banks when current …
Democrats Optimistic on Health Care Bill Prospect
House Speaker Nancy Pelosi said Tuesday she was sure Democrats in the House of Representatives and Senate would produce a final health care reform plan that would hold insurers accountable and …
SEC Accuses Austin-Based Financial Services, Insurance Firm of Fraud
An Austin businessman and two of his companies are accused in an alleged scam using former NFL players to attract investors. The Securities and Exchange Commission
Illinois Agent Admits Stalking ESPN’s Andrews
Walking into a courtroom Tuesday to face the man who posted naked videos of her online left Erin Andrews momentarily shaken, the ESPN sideline reporter admitted later.
UK’s Met Office Says Global Temperatures Rising Since 1850
Global average land temperatures have been rising since 1850 and the warming has speeded up since 1970, UK Meteorological Office data released on Tuesday shows. The data comes from over 1,500 …
Arizona Wrangles with $2 Billion Shortfall
Arizona legislators began a special session Tuesday mostly aimed at reducing the state's $2 billion budget shortfall but also to resolve issues related to foreclosures and research funding. The …
Senator Boxer Sees no US Accord in Time for Copenhagen Conference
Senator Barbara Boxer Tuesday predicted that the United States will not reach a consensus on carbon emission reduction goals for 2020 in time for December's international global warming summit in …
Insurance Trades Cast Wary Eyes at Senate Financial Services Bill
Chairman Christopher Dodd (D-Conn.) of the Senate Banking Committee on Tuesday introduced a draft of the long-awaited financial services regulatory reform bill. While insurance industry …
Senator Kerry, UN’s Ban Ki-moon Upbeat on Climate Bill Prospects
U.S.
Tropical Storm Ida Pounds Gulf States with High Winds, Heavy Rains
A weakening Tropical Storm Ida lashed the U.S. Gulf Coast with drenching rain and high surf Tuesday as it moved ashore after shutting down almost 30 percent of Gulf of Mexico energy …
Baltimore Jury Awards $2.5M in Lead Paint Case
A Baltimore brother and sister have been awarded $2.5 million in a lead paint case.
California Investment Manager Pleads to $8.3 Million Fraud
A San Francisco investment manager is facing a maximum sentence of 20 years in prison after pleading guilty to fraud. Federal prosecutors say in pleading guilty to mail fraud Tuesday, Alexander …
Southern California Supermarket Has Toxic Spill
Fire officials say six people, including four firefighters, were taken Tuesday to a hospital because of a toxic spill inside a supermarket in Irvine.
Swiss Re Q3 Profit Tops Forecasts; Capital Strengthened
Swiss Re strengthened its capital in the third quarter, it reported on Tuesday, boosting its chances of repaying a costly convertible loan from Warren Buffett as it beat operating profit forecasts …
Financial Regulation Bill Unveiled; National Insurance Office Put Off
The Obama administration made gains Tuesday in its push for U.S. financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for …
Calif. Lawmaker Won’t Cede Health Insurance Rescissions Fight
A California assemblyman said Tuesday he'll try a third time to get strict measures on when health insurance companies can cancel policies approved into law.
Hawaii Flash Flood Watch Canceled
A flash flood watch issued for the state of Hawaii on Monday has now been lifted by the National Weather Service. The watch extended through Tuesday afternoon. The weather service said the …
ISO Parent Verisk Analytics Raises $1.88 Billion in IPO
Insurance risk specialist Verisk Analytics Inc.
U.S. Senate Panel Rejects Public Healthcare Option; More Votes Ahead
A U.S. Senate panel Tuesday rejected a government-run “public” insurance option as part of a broad healthcare overhaul, handing insurers an early victory and setting the stage for a long fight …
California Bill Saves Children’s Insurance
Gov. Arnold Schwarzenegger has signed a bill that will prevent nearly 700,000 low-income children from losing health insurance. Schwarzenegger signed the bipartisan bill Tuesday in the state …
