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CHRISTCHURCH, New Zealand (Bloomberg)—A magnitude 7.0 earthquake struck New Zealand's South Island Friday morning, knocking out power, damaging buildings and rupturing pipes in Christchurch, the country's second-largest city, according to reports. Read more: |
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NEW HAVEN, Conn.—A federal court recently issued a court order in favor of wholesale insurance broker AmWINS Group Inc. Read more: |
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HOUSTON—BP P.L.C. was working Friday to remove the failed blowout preventer from the Deepwater Horizon oil rig that leaked millions of barrels of oil into the Gulf of Mexico. Read more: |
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BOSTON—Risk modelers said Friday that they do not expect significant insured losses in the U.S. Southeast from Hurricane Earl. Read more: |
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LONDON—BMS Associates Ltd., the London-based holding company for insurance and reinsurance brokerage BMS Group Ltd., named a new CEO Friday. Read more: |
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CHICAGO—CNA Financial Corp. said Thursday it entered into an agreement with RSA Insurance Group P.L.C. that will expand CNA’s global reach through RSA’s network. Read more: |
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BAY SPRINGS, Miss. (Reuters)—A Mississippi jury ordered Ford Motor Co. to pay $131 million to the family of a man who died while driving an Explorer, an attorney for the family said Thursday. Read more: |
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BRUSSELS—The European Parliament has concluded negotiations with the European Commission and European Union governments on the structure of a new European Systemic Risk Board and three European supervision authorities. Read more: |
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TOKYO (Reuters)—Japan slapped additional sanctions on Iran over its disputed nuclear program on Friday, including a ban on insurance and reinsurances services, following the United States and European Union in pressuring Tehran despite Tokyo's... Read more: |
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MANTEO, N.C. (Reuters)—Hurricane Earl slapped North Carolina's coast with heavy wind and surf Friday and then weakened as it swirled up the U.S. eastern seaboard toward New England and Canada as a much tamer storm than feared. Read more: |
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HATTERAS ISLAND, N.C. (Reuters)—Hurricane Earl took aim at North Carolina Thursday and was on track to lash its barrier islands with dangerous winds and pounding surf before cutting a path up the U.S. East Coast to Canada. Read more: |
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Average annual premiums for employer-sponsored health insurance grew just 3% this year for family coverage, but employees’ share of those costs surged 14%, according to a survey released Thursday. Read more: |
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(Reuters)—Pension obligations of British companies have grown to "unprecedented" levels due to falling yields on government bonds, a consultancy unit of Aon Corp. warned on Thursday. Read more: |
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PROVIDENCE, R.I. Read more: |
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HOUSTON—An oil production platform that suffered a large fire in the Gulf of Mexico is covered by Oil Insurance Ltd., according to the energy industry mutual insurer's website. Read more: |
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LINCOLN, Neb.—Nebraska Department of Insurance Director Ann Frohman plans to step down in October to pursue private-sector opportunities, according to the state's governor. Read more: |
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DOHA, Qatar—The Qatar Financial Center Regulatory Authority has authorized Kane L.L.C. to establish the first captive management company in the Qatar Financial Center. Read more: |
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ALBANY, N.Y.—The New York State Workers' Compensation Board on Wednesday proposed a 30% increase in workers compensation medical provider fees. Read more: |
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HONG KONG (Bloomberg)—AIA Group Ltd., the main Asia unit of American International Group Inc., submitted preliminary documents to the Hong Kong Stock Exchange for an initial public offering, according to two people familiar with the filing. Read more: |
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SEOUL, South Korea (Bloomberg)—Three people were killed after Tropical Storm Kompasu came ashore in South Korea, lashing Seoul with rain and strong winds that knocked out power, forced flight cancellations and delayed the opening of schools. Read more: |
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HATTERAS ISLAND, N.C. (Reuters)—Looming Hurricane Earl forced vacationers and some residents off North Carolina's barrier islands Wednesday, churning up dangerous swells and prompting storm alerts along the U.S. east coast. Read more: |
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