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Archive for October 2017

Millions of Allegedly Defective Rail Ties Leads Railroad to Sue

One of the nation’s largest railroads must replace millions of defective wooden railroad ties on its tracks because they’re degrading faster than expected, the company said in a federal lawsuit. Norfolk Southern Railway blames an Alabama company that produced its … Source: Claims Journal

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Parametric Insurance Explored for U.S. Disasters

Catastrophic losses this year due to extreme weather events has led to a growing interest in parametric insurance in the U.S., according to industry experts. Weather stations and satellite images are helping to make parametric coverage an affordable, and increasingly, … Source: Claims Journal

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Confusion Over California’s Recreational Marijuana Rules

Ready or not, California kicks off recreational marijuana sales on Jan. 1. And, mostly, it’s not. Los Angeles and San Francisco are among many cities still struggling to fashion local rules for pot shops and growers. Without the regulations, there … Source: Claims Journal

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Subaru Chief Apologizes for Flawed Inspections

The head of Japanese automaker Subaru bowed deeply in apology Friday as the company admitted that it has been carrying out flawed inspections of its Japan-made cars for years. The announcement by Subaru’s chief executive and president, Yasuyuki Yoshinaga, was … Source: Claims Journal

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