One arm of the U.S. DOT is recommending two-person crews be required for freight trains as another plans to spend billions to help develop driverless technology for long-haul trucks.

The new president and CEO, Glenn A. Spencer, will succeed John L. Lumelleau, who will continue as president and CEO, until his retirement at the end of Locktons fiscal year, April 30, 2017.

AIG named Michael Lewis chief digital officer as the company turns to technology to simplify operations and gain an edge against smaller rivals.

Todays regulatory oversight of insurance still the purview of the states is designed to maintain a competitive balance in the industry.