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Hunt Called Off for Missing Malaysia Airlines Flight 370

The hunt for Malaysia Airlines Flight 370 was called off Tuesday after almost three years of fruitless toil. The Boeing Co. 777 aircraft disappeared on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on …

Timeliness of Securities Class Actions Under Supreme Court Scrutiny

The U.S. Supreme Court last Friday agreed to resolve a legal dispute over whether certain securities class action lawsuits can be barred because they were filed too late. The justices agreed to hear an appeal filed by the California Public …

Aon Completes Acquisition of Brazil Health & Benefits Firm, Admix

Aon announced it has completed its acquisition of Admix, the São Paulo, Brazil-based health and benefits brokerage and solutions firm. Financial terms were not disclosed. “Admix’s brokerage and operational platform combined with Aon’s world-class actuarial, brokerage, and consulting capabilities creates …

High-Flying Drone Market Comes Down to Earth Earlier Than Expected

Attendees at the Consumer Electronics Show in Las Vegas earlier this month could play around with a dizzying array of unmanned aerial vehicles. Drones that take selfies. Drones equipped with thermal imaging cameras to see at night. Drones that help …

California Officials Assess Heavy Storm Damage in Northern Part of the State

It’s too soon to peg a damage estimate from days of rainy weather that turned streets into rivers and living rooms into swimming pools throughout Northern California, state and county officials said. In San Benito County south of San Francisco, …

UK’s Legal & General Plans to Disclose CEO-to-Employee Pay Ratio: Source

Insurer Legal & General Group Plc plans to disclose how much more its chief executive earns than rank-and-file employees, becoming one of the first big U.K. companies to respond to growing concern about wage inequality with greater openness about pay. …

Allied World Taps Zurich’s Beazleigh as VP, Professional Liability, Australia

Allied World Assurance Co. Holdings AG announced that Kym Beazleigh has been appointed vice president, Professional Liability, Australia, based in Sydney. He will report to Ed Moresco, senior vice president, Professional Liability. Beazleigh joins Allied World from Zurich Australia Insurance …

China Plans to Lower Restrictions on Foreign Investment in Financial Services

China’s cabinet issued measures on Tuesday to further open the world’s second-largest economy to foreign investment, including easing limits on investment in banks and other financial institutions. China will lower restrictions on foreign investment in banking, securities, investment management, futures, …

Lloyd’s Moves Closer to Forming EU Subsidiary to Prepare for Brexit

Lloyd’s of London will make an announcement on its new European subsidiary by the middle of April at the latest, its Chairman John Nelson said on Tuesday, as it prepares for Britain’s exit from the European Union. The world’s largest …

Latest Republican Proposal: Let States That Like Obamacare Keep It

Republican Senator Bill Cassidy is making an offer to Democrats he hopes they won’t refuse: If their states like Obamacare, they can keep it. A doctor who worked for decades in charity hospitals and clinics before joining Congress, Cassidy plans …

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