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Hedge fund managers wont immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now.
Ace CEO Evan Greenberg said there are signs the insurance industry is entering another era of taking on too much risk as competition pressures companies to lower prices to win business.
Archer-Daniels-Midland Co., the worlds largest corn processor, received regulatory approval from the FAA to fly drones that will locate and assess crop damage.
Today the judge presiding over Greenberg's AIG lawsuit will hear final arguments, and if previous rulings and a final list of questions posed to both sides are any measure, he may be leaning toward Greenberg.
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