Government News

Federal Regulators Taking New Steps to Identify Most Dangerous Mines

Federal regulators have implemented new measures for identifying the nation’s most dangerous mines, replacing what U.S. Labor Secretary Hilda Solis had called a “badly broken” process. The Mine Health and Safety Administration said the screening criteria give the agency more …

UK, Guernsey Execs Strengthen Relationships with China

Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, recently joined the Lord Mayor of the City of London, Alderman Nick Anstee, for a trip to Beijing and Shanghai. “The trip included meeting …

UK’s Royal Society Issues ‘Short Guide’ to Science of Climate Change

The Royal Society, the UK’s national academy of science, has launched a new short guide to the science of climate change. The Society explained that the “guide has been written to summarize the evidence and to clarify the levels of …

AIG Announces Plan to Pay Back Taxpayers

American International Group Inc. (AIG) said it has come to an agreement with the Obama Administration on a plan to repay American taxpayers who bailed out the insurer in 2008. AIG said it will use proceeds from the sale of …

How Will TARP Bailout Plan Be Remembered?

It may have staved off a financial system meltdown, but the U.S. Treasury’s $700 billion bailout program is so reviled by the public that its distaste may rub off on incumbent Democrats in November elections. What goes into the history …

U.S. Expects Plan to End Government Ties to AIG By Next Week: Report

The Obama administration hopes to announce by next week a plan to end its support of insurance giant American International Group Inc., the New York Times reported Tuesday, quoting unnamed sources. That announcement would come ahead of the November 2 …

Help Wanted: U.S. Insurance Chief; Salary to $179K, Good Benefits; D.C. Office

The U.S. Treasury is looking for a Director of the Federal Insurance Office. The full-time job pays $119,554 to $179,700 per year depending on experience. Applications will be accepted from all qualified individuals until Oct. 20. Those are some of …

Federal Court to Hear West Virginia Families’ Claims Against DuPont

A federal court will hear the complaints of 14 West Virginia families who blame illnesses ranging from cancer to rashes on long-term exposure to toxic waste piled up at a former DuPont zinc-smelting plant. Lead plaintiffs Rebecca Morlock and Waunona …

AIG Board to Meet Today to Weigh U.S. Exit Plan

American International Group Inc.’s board will meet later Wednesday to discuss a plan that would allow the U.S. Treasury to exit its investment in the bailed-out insurer, AIG Chairman Steve Miller said. Miller said that AIG was nearing a conclusion …

Munich Re Highlights Climate Change Link to Extreme Weather Events

A bulletin from Munich Re underlines the “exceptionally high” incidence of “weather-related natural catastrophe losses in the first nine months of 2010,” both in “number and scale.” The floods in central Europe, wildfires in Russia and widespread flooding in Pakistan …