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Global Business
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NEW YORK (Reuters)—The board of American International Group Inc. is set to meet this week to consider the future of its AIA Group Ltd. unit, with a public offering seen as the most likely outcome, sources said Tuesday. Read more: |
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Global Business
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PEMBROKE, Bermuda—PartnerRe Ltd. said Monday that Emmanuel Clarke has been named CEO of PartnerRe Global, effective Sept. 1. Read more: |
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Global Business
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CHICAGO—Aon Corp.’s Monday acquisition of Hewitt Associates Inc. will greatly boost Aon’s benefit consulting profile and make the company a major player in the benefits outsourcing market. Read more: |
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Global Business
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MADISON, Wis.—Retroactively extending a statute limiting how long employers and insurers are liable for workers compensation claims is unconstitutional, Wisconsin’s Supreme Court ruled Thursday. Read more: |
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Global Business
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LONDON (Reuters)—Britain's new coalition government, seeking to cut a record budget deficit, announced a radical shake-up of its sprawling health service on Monday. Read more: |
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Global Business
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U.S. property/casualty insurers reported $11.5 billion in net profit for the first three months of this year, compared with a $900 million loss for the same period a year ago, said Oldwick, N.J.-based A.M. Best Co. in a special report. Read more: |
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Global Business
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NEW YORK (Reuters)—A monopoly abuse lawsuit against Apple Inc. and AT&T over the iPhone can continue as a class action against the two companies, a U.S. judge has ruled. Read more: |
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Global Business
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CHICAGO (Bloomberg)—Aon Corp. was the biggest decliner in the Standard & Poor's 500 after agreeing to buy Hewitt Associates Inc. for $4.9 billion. Read more: |
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Global Business
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WASHINGTON (Reuters)—The biggest rewrite of U.S. financial rules since the 1930s could face further delay in Congress, a congressional aide suggested Monday, as backers had yet to secure votes needed to clear a final hurdle. Read more: |
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Global Business
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TAMPA, Fla. (Bloomberg)—Leslie Controls Inc., a unit of Circor International Inc. that equipped U.S. ships in wartime, filed a prenegotiated Chapter 11 reorganization to resolve asbestos liability claims. Read more: |
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Global Business
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LONDON—The Assn. of Insurance & Risk Managers has called upon the U.K. government to become stricter toward companies that do not buy, or buy insufficient limits of, employers liability coverage. Read more: |
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Global Business
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Risk managers should look beyond insurer financial-strength ratings as they strive to assess the security behind their insurance programs, according to a new Business Insurance research white paper. Read more: |
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Global Business
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SOUTH HOLLAND, Ill.—Glancing around the classroom at United Parcel Service Inc.'s feeder truck Driver Training School in South Holland, Ill. Read more: |
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Global Business
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SOUTHAMPTON, Bermuda—”Stress testing” a captive's investment portfolio regularly can help prevent unfortunate surprises, according to a group of investment experts. Read more: |
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Global Business
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SOUTH HOLLAND, Ill.—Beads of sweat fall from Arturo Martinez's face on a humid afternoon in this suburb south of Chicago while he shouts each movement as he whirls around a Mack semitrailer rig. Read more: |
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Global Business
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DOUGLAS, Isle of Man—Isle of Man wants to capitalize on a trend among large employers to gain control over their international employee benefit plans by consolidating them into a single funding vehicle. Read more: |
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Global Business
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WASHINGTON—Tort reform advocates fear a House bill that would expand maritime liability could be part of larger effort to roll back liability limits. Read more: |
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Global Business
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NEW YORK—Raising consciousness is key to helping benefit plan members adopt healthy lifestyles, which is a major challenge for employers, a panel of leading benefit managers said. Read more: |
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Global Business
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Joseph Casias' lawsuit presents a compelling narrative of someone who uses marijuana for medical purposes during his time away from work despite his employer's prohibition against keeping someone on staff who does so. Read more: |
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Global Business
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Average total cost of risk declined 3.1% in 2009: RIMS Read more: |
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Global Business
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WASHINGTON—President Barack Obama last week bypassed Congress and named Joshua Gotbaum as director of the Pension Benefit Guaranty Corp., using a tactic known as a “recess appointment.” Read more: |
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