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insurance

RT @abcnewsMelb: #BREAKING: James Hird loses Supreme Court bid to have Essendon's insurer pay his legal costs for failed ASADA challenge - @abcnews

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earnings

Travelers profit falls below expectations, but revenue beats - MarketWatch

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Tennessee, US

Hilton Hotels, Cigna, and Lyft join opposition to Tennessee bill that would require students to use bathroom that corresponds with their sex at birth - Tennessean

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insurance

Gen Re CEO Tad Montross to retire by year's end and his successor to report to Berkshire Hathaway's Ajit Jain, per Dow Jones - CNBC

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Affordable Care Act (ACA)

UnitedHealth Group, the largest US health insurer, quits markets in Georgia, Arkansas - Bloomberg News

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United States

US appeals district court decision that MetLife is not 'systemically important' and subject to more stringent safeguards - Reuters

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MetLife

US government to appeal court decision to rescind Metlife's 'too big to fail' designation, treasury spokesman says - Reuters

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MetLife

US Secretary of Treasury Jacob Lew says he 'strong disagrees' with federal judge ruling rescinding MetLife's 'too big to fail' designation - MarketWatch

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insurance

IMF issues warning about rising systemic risks' from giant insurers - Wall Street Journal

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GE Capital

GE Capital asks US government to lift 'too big to fail' designation after MetLife ruling - Reuters

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United States Department of the Treasury

Statement: US Dept. of Treasury on court ruling MetLife not 'too big to fail': We strongly disagree with the court's decision. [...] FSOC (Financial Stability Oversight Council) conducted a rigorous analysis of MetLife, including extensive engagement with the company, and determined that material financial distress at MetLife could pose such a threat to the financial system. We firmly believe that FSOC acted well within its legal authority to protect the entire global economy' - @USTreasury

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United States Department of the Treasury

MetLife wins court battle against Financial Stability Oversight Council's designation of company as being 'systemically important' to financial system - Reuters

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Explosions in Tianjin, China

Insurance payouts from fatal chemical blasts at Chinese port of Tianjin could total up to $3.5 billion, reinsurer Swiss Re says - Reuters

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business

Starwood gets revised takeover proposal from Anbang for $82.75 per share in cash - CNBC

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Affordable Care Act (ACA)

US Congressional Budget Office: Affordable Care Act to result in a $660 billion net federal subsidy for insurance coverage in 2016 - Reuters

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United States

Allianz chief economic adviser El-Erian: Expect markets to fall 10% in the next few months - CNBC

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Memphis, TN

Photo: Pickup truck crashes into Nationwide insurance office on Poplar Ave. in memphos, Tenn. - @WMCActionNews5

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Affordable Care Act (ACA)

Editor's note: For the fourth time in four years, the U.S. Supreme Court today is taking up a challenge to women's access to birth control under the Affordable Care Act. The case, Zubik v. Burwell, arose out of a dispute over the requirement that employers' health plans provide free contraceptive coverage to employees, with an exemption made for religious entities as long as they notify in writing their insurer or the government they want to opt out of the coverage. Today's challenge comes from religious-affiliated employers who say the act of written notification makes them complicit in the provision of contraceptives, which they argue violates their religious freedom. Oral arguments begin at 10 a.m. ET, and we'll cover the proceedings here. - Rebecca

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Anthem Inc.

Anthem sues Express Scripts, seeks to recover damages for pricing and operational issues - CNBC

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Fort Worth, TX

Insurance Council of Texas estimates Fort Worth-area hail could cost $300 million in car repairs - KSAT

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