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markets

European stocks close higher on strong gains from banks, insurers and retailers; Stoxx 600 finishes up 2.4% - CNBC

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Anthem Inc.

Anthem CEO says Cigna acquisition deal moving forward with antitrust review - Reuters

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insurance

World Bank launches global financing mechanism to protect against pandemics, create 1st -ever insurance market for pandemic risk, statement says

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US contraceptive mandate

Editor's note: The U.S. Supreme Court has ducked a major ruling on a challenge by religious employers to an Affordable Care Act mandate to provide female workers health insurance that covers birth control. Our earlier update stated the top court ruled in favor of the employers, but we've corrected the update to say the cases were sent back to lower courts for further proceedings. The justices ruled unanimously to send the cases back to federal appeals courts, where all but one of four courts upheld the mandate, according to USA Today. - Rebecca

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Fort McMurray, Alberta, wildfire, May 2016

Canadian PM Justin Trudeau says decision to extend employment insurance benefits based on new data, not due to Fort McMurray wildfire - Global News live feed

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Fort McMurray, Alberta, wildfire, May 2016

Canadian PM Trudeau announces extended employment insurance benefits to Edmonton, southern interior British Columbia, southern Saskatchewan, effective July - Global News live feed

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ASR Nederland

Dutch government says it will likely pursue IPO for insurer ASR before end of this quarter - Reuters

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Fort McMurray, Alberta, wildfire, May 2016

Fort McMurray, Alberta, wildfire could spark spike in insurance rates, analysts say - CBC

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Arizona, US

Arizona state Senate passes bill to reinstate health-insurance program KidsCare, sending it to Gov. Doug Ducey - The Republic

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Fort McMurray, Alberta, wildfire, May 2016

Analyst: Damage costs from the fire in Fort McMurray, Alberta., could reach $9 billion for insurers - CBC

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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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