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In the face of difficult conditions, Chicago-based Aon Corp.'s performance remains strong, with the company's brokerage business posting solid results while Aon makes considerable investments in its client service capabilities and the company's brand. Read more: |
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Global Business
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Even the most seasoned insurance professional can find it difficult to explain the complexities of the Lloyd's of London insurance market. Read more: |
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Global Business
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Ranked by number of total plan participants Read more: |
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NEW YORK (Bloomberg)—Hartford Financial Services Group Inc. was the biggest buyer among U.S. insurers of the 2007 Fannie Mae securities offerings that were cited in a lawsuit against Goldman Sachs Group Inc., SNL Financial said. Read more: |
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Global Business
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BOSTON—Liberty Mutual Group Inc. Read more: |
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Global Business
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NEW YORK (Reuters)—American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, Ohio Attorney General Richard Cordray said on Friday. Read more: |
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Global Business
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BISMARCK, N.D.—The North Dakota Supreme Court voted 4-1 Friday to uphold the felony conviction of the former director of the state’s monopoly provider of workers compensation insurance. Read more: |
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Global Business
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AUSTIN, Texas—A state audit report details shortcomings at a Texas agency charged with overseeing discipline of medical providers and insurers failing to comply with workers compensation laws. Read more: |
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Global Business
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WILMINGTON, Del. (Reuters)—Shareholders angry about BP P.L.C.'s battered stock price are heading to the courthouse in hopes of reclaiming some of their losses, but they face an uphill battle. Read more: |
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Global Business
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NEW YORK—American International Group Inc.’s latest chairman, Robert S. Miller, may be looking forward to his new role, but his previous experience with property/casualty insurance apparently was less than satisfying. Read more: |
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Global Business
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MIAMI (Reuters)—U.S. authorities charged 94 doctors, nurses and clinic owners with scheming to defraud the taxpayer-funded Medicare program out of $251 million, Attorney General Eric Holder said Friday. Read more: |
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Global Business
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LONDON (Reuters)—A British court fined oil major Total and four other companies on Friday over their role in an explosion at the Buncefield oil depot in 2005, which resulted in Europe's biggest peacetime fire. Read more: |
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Global Business
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NEW YORK (Reuters)—American International Group Inc. and Citigroup Inc. classified more than $11 billion in loans as sales in the second half of 2009, masking the companies' risk levels, filings with the U.S. securities regulator showed. Read more: |
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Global Business
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CHICAGO—CNA Financial Corp. has entered into an agreement with Berkshire Hathaway Inc.’s National Indemnity Co. unit under which, for a $2 billion reinsurance premium, it will cede $1. Read more: |
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Global Business
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WASHINGTON (Reuters)—Goldman Sachs Group Inc. agreed to pay $550 million to regulators to settle civil fraud charges over how it marketed a subprime mortgage product, ending a weeks-long probe that rattled clients and weighed on its share price. Read more: |
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Global Business
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SAN FRANCISCO—Equity Risk Partners Inc. has launched a global insurance brokerage network aimed at the private equity merger-and-acquisition marketplace. Read more: |
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Global Business
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COLUMBUS, Ohio—An employee is entitled to compensation for the total loss of vision in one eye despite eye surgery prior to suffering a work accident, Ohio’s Supreme Court ruled Wednesday. Read more: |
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Global Business
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HOUSTON (Reuters)—BP P.L.C. conducted pressure tests on its blown-out Gulf of Mexico well on Thursday and said no oil was leaking into the ocean for the first time since the accident began in April. Read more: |
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Global Business
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WASHINGTON—The Department of Labor has sent to the Federal Register a long-awaited rule detailing the fee and compensation information that plan service providers will be required to provide to sponsors of retirement plans. Read more: |
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Global Business
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WASHINGTON—The House of Representatives passed a measure Thursday that would extend the National Flood Insurance Program through Sept. 30, 2014. Read more: |
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Global Business
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WASHINGTON—The Senate has given its approval to comprehensive financial services regulatory reform that would, among other things, create a new Federal Insurance Office within the Treasury Department. Read more: |
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