Tuesday, August 31st, 2010
GALT, Iowa—The recall of half a billion eggs tainted by salmonella linked to chicken feed likely will cost hundreds of millions of dollars and ignite further debate over whether food producers should buy product recall insurance, experts say.
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Tuesday, August 31st, 2010
AP - The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself.
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Thursday, August 26th, 2010
AP - Jailed Texas financier R. Allen Stanford and two of his former company executives — accused of bilking investors out of $7 billion in a massive Ponzi scheme — lied to investors and falsified financial statements, disqualifying them from having their legal bills paid for by an insurance policy, attorneys representing the insurer told a federal judge on Tuesday.
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Thursday, August 26th, 2010
PHILADELPHIA—A federal appeals court ruling last week opens the door to some elements of antitrust and racketeering litigation, which is aimed at dozens of brokers and insurers who allegedly participated in a bid-rigging scheme, to move to trial.
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Saturday, August 21st, 2010
AP - Insurer Aegon NV said Tuesday it has reached a deal with European Union regulators on repaying euro2 billion ($2.56 billion) in support it received from the Dutch government at the height of the 2008 financial crisis.
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Monday, August 16th, 2010
BURLINGTON, Vt.—The Vermont Captive Insurance Assn.
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Monday, August 16th, 2010
AP - In a headline and story Aug. 12 about WellPoint Inc., The Associated Press erroneously reported the total amount of senior notes sold by the health insurer. WellPoint's senior notes totaled $1 billion, not $100 million.
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Wednesday, August 11th, 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act, the financial services reform bill signed into law by President Barack Obama last month, significantly expands the opportunities for employees to file retaliation claims against their firms...
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Wednesday, August 11th, 2010
AP - The beaten-down shares of Ambac Financial Group Inc. took another pounding Tuesday after the bond insurer said it is negotiating a bankruptcy deal.
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Friday, August 6th, 2010
Business Insurance is accepting nominations for the magazine's 2010 Women to Watch feature, with an extended deadline of Aug. 20.
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