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AIG named Douglas M. Steenland as the insurers seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to CEO last year.
For example, six counties in the U.S. have more than $1 trillion of exposure each and, on a combined basis, account for more than 12% of the U.S. total.
MasterCard and Target are in talks about a settlement in which the retailer would pay banks about $20 million for costs they incurred in its 2013 data breach.
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