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Climate Risk Index Shows Rich and Poor Nations Threatened by Devastating Storms

The devastation caused by powerful storms is a growing threat to both poor and rich nations, propelling Caribbean islands to the top of a global index of countries most severely affected by weather disasters last year, researchers said on Tuesday. …

Waymo Self-Driving, Fare-Generating Taxis Hit the Road in Arizona

Alphabet’s Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares. With little fanfare, the company has begun charging passengers to use its driverless vehicles in a roughly 100-mile …

AIG Appoints MetLife’s Shah as Asia Pacific CEO

American International Group, Inc. (AIG) has appointed Sachin N Shah as chief executive officer of Asia Pacific, AIG General Insurance. Shah has been chairman, president and CEO of MetLife Japan since 2013 and prior to that he was chef operating …

Florida Insurance Agents Improvise to Stay Connected During Hurricane Michael Recovery

The page has finally turned on the tumultuous 2018 hurricane season, but for the agents who live and work in the Florida Panhandle the story isn’t over – personally or professionally. “We all still feel like we’re in hurricane mode …

Judge Questions Government’s Approval of CVS Acquisition of Aetna

QQA federal judge who has been asked to sign off on the U.S. government’s decision to approve CVS Health Corp.’s acquisition of insurer Aetna Inc. said Tuesday he was “less convinced” than the government that the companies had struck a …

Medtronic Ends U.S. Medical Device Probes with $51 Million Payment

Medtronic Plc said on Tuesday it would pay $50.9 million to resolve U.S. Justice Department probes into how companies it later acquired marketed medical devices, including one meant to treat a vascular defect in the brain. As part of the …

AIG Names Lyons as CFO, Succeeding Sankaran

American International Group (AIG) has appointed Mark D. Lyons to the role of executive vice president and chief financial officer (CFO), succeeding Sid Sankaran, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal …

North Carolina Legislature Finalizes $300M Hurricane Relief Spending

Nearly $300 million in additional state spending to address North Carolina’s recovery from Hurricane Florence received quick and unanimous approval from the state legislature and the governor. The House voted Thursday to send the relief measure to Gov. Roy Cooper, …

Chicago Doctor Convicted on Charges of Billing Insurers for Nonexistent Treatment

A federal jury has convicted a Chicago doctor on fraud charges for billing insurance companies for purported chiropractic manipulations that were never performed, the U.S. Attorney’s Office for the Northern District of Illinois reported. Dr. Paul Madison, an anesthesiologist and …

Survey: Shortage of Skilled Workers Hurting Midwest Economy

The economy continued to expand in nine Midwestern and Plains states last month but was hampered by shortages of skilled workers, according to monthly survey results released Monday. The Mid-America Business Conditions Index dropped to 54.1 in November from 54.9 …

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