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California Insurance Commissioner Dave Jones is urging insurers to voluntarily divest from thermal coal, citing the risks of climate change and the danger of losses on assets backing policyholder obligations.
New York and New Jersey restored transportation services on Sunday and strove to be ready for a near-normal workweek, while Washington was a little slower to overcome the blizzard.
AIG's plan to spin off a portion of its mortgage insurance unit is almost pointless given the challenges that CEO Peter Hancock faces to fix the much larger property-casualty business, an analyst at Keefe, Bruyette & Woods said.
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