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Wednesday, February 20, 2013

U.S. Court Approves Transocean's $1 Billion Civil Settlement on Oil Spill

Transocean settlement approvedA U.S. court in New Orleans approved on Tuesday a $1 billion civil settlement between drilling contractor Transocean Ltd . (RIG) and the Department of Justice over the Deepwater Horizon spill.

Transocean, which owned the rig that exploded in 2010 killing 11 and unleashing a major

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Shareholder Suits Nay Not Stop Heinz Acquisition by Berkshire and 3G Capital Management

Heinz acquisitionTwo lawsuits filed late Friday on behalf of H.J. Heinz Co. shareholders may not stop the purchase of the company by Berkshire Hat...

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Apple's Employee Computers Attacked by Hackers

Apple computers hackedApple Inc. said Tuesday that some of its employees' Mac computers were attacked by hac...

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Seventy Percent of Auto Insurers Planning to Launch Usage-Based Insurance

Auto-based insuranceWhile a third of auto insurers offer some form of usage-based insurance (UBI) today, overall penetration of the product in the market is expected to stay low in the immediate future, according to research from Boston-based insurance technology analyst firm SMA.

Insurers largely expect onl...

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XL Group Announces Expansion of Facultative Reinsurance Footprint in US

XL Group reinsurance operationXL Group plc's reinsurance operations today announced an expansion of their footprint in the US with the opening of a Dallas, Texas office led by Dean Wolfe who was recently promoted to Western Regional Manager of XL's newly created Property Facultative Western Region and a Philadelphia, Penns...

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Marsh Private Client Services Awarded Best High Net Worth Insurance Firm by Private Asset Management Magazine

Marsh Private Client servicesMarsh is pleased to announce that its Private Client Services unit was named Best High Net Worth Insurance Firm by Private Asset Management magazine. The annual PAM Awards recognize investment professionals and wealth advisors based on their financial progress, growth, client satisfaction, ...

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