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CVS, Walgreens, Walmart to Make Closing Arguments in Ohio Opioid Trial

A jury is set to hear closing arguments on Monday in a trial in federal court in Cleveland focused on claims by two counties in Ohio that three major retail pharmacy chains – CVS, Walgreens and Walmart – fueled the …

Big Europe Reinsurers See Strong 9M Earnings Despite High Natural Disaster Losses

All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period last year, according to a report from Fitch Ratings. Sharply lower non-life, coronavirus-related claims, strong premium growth and resilient investment …

COP26 Climate Agreement Targets Fossil Fuels as Key Driver of Global Warming

GLASGOW – U.N. climate talks ended Saturday with a deal that for the first time targeted fossil fuels as the key driver of global warming, even as coal-reliant countries lobbed last-minute objections. While the agreement won applause for keeping alive …

Louisiana Apartment Complex Still Reeling From Laura Damaged by Tornado

Rising after a hard knock can be wrenching, but for Claudette Price _ who has just endured her fourth punch _ accepting defeat is not an option. In the three years she has been the leasing manager for the Claire …

Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock

GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, BlackRock Inc …

Berkshire Hathaway General Reinsurance Unit Launches Mideast Office in Dubai

DUBAI — The General Reinsurance unit of Warren Buffett’s Berkshire Hathaway Inc has set up a Middle East office in Dubai, Dubai International Financial Centre (DIFC) said on Monday. Gen Re will provide life and health reinsurance services across the …

Paytm’s IPO Oversubscribed but Doesn’t See Blow-out Demand From Investors

BENGALURU – Paytm’s $2.5 billion initial public offering (IPO), India’s largest, was oversubscribed at the close of bidding on Wednesday, although investors showed less enthusiasm than for some other tech firms that have ridden the country’s IPO boom. The company, …

Louisiana Seeks Takeover of Pair of Regional Insurance Companies Facing Insolvency

The Louisiana insurance commissioner is seeking a government takeover of Access Home Insurance Co. and State National Fire Insurance Co., two regional insurance companies that are facing insolvency due to losses from Hurricane Ida to ensure the company’s policyholders are …

Insolvency Pool Can’t Yet Seek Reimbursement from Injured Worker

The Georgia Insurers Insolvency Pool’s demand for a refund from an injured worker must first be addressed by the state workers’ compensation board, the Georgia Court of Appeals has decided. The comp board should now decide if Victoria Palmer, who …

Time Limit and Gap in Comp Benefits Not Unconstitutional, Florida Court Says

What happens when a worker’s injury needs follow-up surgery many years later, requiring the employee to miss months of paychecks? In Florida, he’s probably out luck if he’s hoping for workers’ compensation wage-loss benefits. But the law that created that …

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