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Global Business
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SIMSBURY, Conn.—Hartford Financial Services Group Inc. has promoted Sharon Ritchey to executive vp of retirement plans. Read more: |
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Global Business
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SAN FRANCISCO—An employer can order a fitness-for-duty exam when a worker’s emotional stability is in question, even when job performance has not been affected, a federal appellate court ruled. Read more: |
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Global Business
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ITASCA, Ill.—Arthur J. Gallagher & Co. said that its net earnings for the first six months of this year were $73.2 million, up 4.2% from the same period a year ago. Read more: |
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Global Business
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ZURICH (Bloomberg)—Contingent commissions, the once-banned payments that insurers pay to entice brokers, create a conflict of interest and ought not to become prevalent again, ACE Ltd. CEO Evan Greenberg said. Read more: |
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Global Business
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NEW YORK (Reuters)—CVS Caremark Corp. said it was reviving its pharmacy benefits management business, including a new long-term contract with health insurer Aetna Inc., boosting its shares over 3% Wednesday. Read more: |
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Global Business
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The explosion and fire that destroyed the Deepwater Horizon oil rig and caused a huge oil spill in the Gulf of Mexico will not have as major an effect on the energy insurance market as Hurricane Katrina, according to a Wednesday analysis by Marsh Inc. Read more: |
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Global Business
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DES MOINES, Iowa—To recover workers compensation benefits, a claimant who “wiggled his butt” at a co-worker must prove his actions were not “aggressive participation in horseplay,” Iowa's Supreme Court ruled. Read more: |
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Global Business
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PEMBROKE, Bermuda—RenaissanceRe Holdings Ltd. reported net income of $375 million for the first half of 2010, up 2% from the prior-year period, and also said it has sold its stake in ChannelRe Holdings Ltd. Read more: |
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Global Business
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The filing of federal class action securities lawsuits declined during the first half of 2010, mostly due to decreasing credit crisis-related claims, according to two new reports. Read more: |
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Global Business
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MUNICH (Bloomberg)—Munich Reinsurance Co., the world's biggest reinsurer, expects catastrophe bond sales in the second half of this year to match the $2.4 billion sold in the first six months as buyers broaden their risk coverage. Read more: |
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Global Business
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WASHINGTON—The U.S. Read more: |
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Global Business
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WASHINGTON (Reuters)—U.S. Read more: |
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Global Business
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PASADENA, Calif.—Actions that two Chipotle Mexican Grill Inc. restaurants took to accommodate disabled customers violated the Americans with Disabilities Act, the 9th U.S. Circuit Court of Appeals has ruled. Read more: |
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Global Business
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MINNETONKA, Minn. (Bloomberg)—UnitedHealth Group Inc. is nearing an agreement to buy Executive Health Resources Inc., a medical services firm backed by Abry Partners L.L.C., for about $1.5 billion, said three people with knowledge of the talks. Read more: |
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Global Business
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WASHINGTON (Reuters)—Drugstore operator Rite Aid Corp. will pay $1 million to settle federal privacy rule violations, the U.S. Department of Health and Human Services said Tuesday. Read more: |
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Global Business
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HAMILTON, Bermuda—Montpelier Re Holdings Ltd. posted a net income of $80 million for the first half of 2010, down 62% compared with the same period a year ago. Read more: |
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Global Business
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DUBLIN—Tom Hutton has stepped down from the board of directors of XL Group P.L.C., the insurer said Tuesday. Read more: |
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Global Business
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GREENWICH, Conn.—W.R. Berkley Corp.’s profits soared to $229 million for the first half of 2010, up from $77 million for the same period last year, the company reported Monday. Read more: |
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Global Business
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WOODLAND HILLS, Calif.—Pam Kehaly has been named president and general manager of Anthem Blue Cross of California, succeeding Leslie Margolin, who resigned last week after 30 months at the helm. Read more: |
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Global Business
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WASHINGTON—The U.S. Department of Health and Human Services is seeking public comment on how to build a database of comparative effectiveness research that patients, clinicians and policymakers can access through the Internet. Read more: |
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Global Business
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HARTFORD, Conn. (Bloomberg)—The Hartford Financial Services Group Inc., whose investment losses in 2008 led to a U.S. bailout, was asked by regulators to explain why it expects its worst-performing holdings to rebound. Read more: |
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