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Court Tosses Liability Claims Against Painkiller Drugmakers

A federal appeals court on Friday upheld the dismissal of nearly all claims in 68 cases seeking to hold drug makers liable for injuries from the use of the prescription painkillers Darvon and Darvocet, which were pulled from the U.S. …

Tower Group Falls As Doubts Rise Over ACP Re Deal

Tower Group International Ltd., the insurer that agreed to be bought by ACP Re Ltd., plunged to a record low amid doubts over whether the deal will be completed. Tower declined 19 percent to $1.65 at 9:52 a.m. yesterday in …

ING Said to Price Insurance Unit at Midrange in $1.9 Billion IPO

ING Groep NV, the biggest Dutch financial-services company, is likely to price the initial public offering of its European insurance arm at €20 [$27.38], in the middle of its original price range, according to a person with knowledge of the …

European Insurance Federation Opposes Compulsory Environmental Liability

“An EU-wide compulsory environmental liability insurance system would not benefit customers and so should not be introduced,” according to Insurance Europe, the European insurance and reinsurance federation. The federation consists of 34 members, representing Europe’s national insurance associations. It includes …

Overselling the Costs, Benefits of Greenhouse Gas Regulations

The Environmental Protection Agency calls its carbon rules an economic winner that will deliver more than $10 in benefits for each dollar spent on compliance. The U.S. Chamber of Commerce says the economic costs of implementing the greenhouse-gas controls will …

Google, Detroit Take Different Routes on Driverless Cars

In 2012, a small team of Google Inc. engineers and business staffers met with several of the world’s largest car makers to discuss partnerships to build self-driving cars. In one meeting, both sides were enthusiastic about the futuristic technology, yet …

Upper Mississippi River Closed Due to Rising Waters After Heavy Rains

Rising flood waters were expected to make 11 locks and dams impassable on the mid- and upper-Mississippi River and force the closure of the river later on Monday from Bellevue, Iowa, to Saverton, Missouri, the U.S. Army Corps of Engineers …

All Risks Taps Julien as California Workers’ Comp Underwriter

Danielle Julien has been hired by wholesaler All Risks Ltd. as a workers’ compensation brokerage underwriter located in San Diego, Calif. Julien will write workers’ compensation business with retail agents in California, Arizona and Nevada. Julien has eight years of …

Louisiana River Boat Parade Back On, Town Taking Responsibility

The False River Fourth of July Boat Parade in Louisiana is back on after event organizers feared they would have to cancel it this year. New Roads Mayor Robert Myer told The Advocate the city is stepping in to take …

North Dakota Regulator Urges State Monitoring of Oil Trains

North Dakota should employ its own railroad safety inspectors to help the federal government monitor crude oil shipments coming from the state’s booming oil patch, a state regulator said. Public Service Commissioner Julie Fedorchak said the idea is aimed at …

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