China’s Anbang to Abandon Attempt to Buy Fidelity: Sources

China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory approvals, people familiar with the matter said on Sunday. The …

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Post-Katrina Lower 9th Ward Re-Development a Long Time Coming

Judging by the current empty lots, it’s hard to imagine the Lower 9th Ward in New Orleans before Hurricane Katrina — a bustling neighborhood where African-American residents knew their neighbors, built their homes with their own hands and shopped at …

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Feds Say Chemical Cloud in Kansas Caused by Human Error, Labeling

Human error and labeling and design problems led to the release of a large chemical cloud over a northeast Kansas city that sent more than 140 people to the hospital last year and caused others to stay indoors or evacuate …

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Brown & Brown’s Huval Named to Louisiana Workers’ Comp Board

Louisiana-based private, nonprofit, mutual workers’ compensation insurance company, LWCC, has welcomed Thomas K. “Tommy” Huval as the newest member to its board of directors. Gov. John Bel Edwards appointed Huval to serve as a representative of agents licensed to sell …

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Great American Insurance Promotes Kadnar in Property, Marine Division

Cincinnati, Ohio-based Great American Insurance Group has named Julie F. Kadnar divisional president of its Property and Inland Marine Division, succeeding Dale Kelley, who will retire in June 2017. Kadnar joined the company in 1988 as a senior auditor and …

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Iowa House OKs $250K Limit in Medical Malpractice Lawsuits

The Iowa House has approved legislation that would cap financial awards in medical malpractice lawsuits except in severe cases. The House approved the bill 65-32 to limit pain and suffering payouts at $250,000 in most cases of medical malpractice and …

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North Carolina House Passes Bill to Fight Opioid Abuse

Legislation to reduce opioid abuse and overdoses has passed the North Carolina House with unanimous bipartisan support. The House approved the measure April 10 that strengthens requirements for doctors and pharmacists on the use a statewide controlled substance database. Doctors …

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