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Archive for June 2018

Louisiana Seeks to Clarify Named Storm/Hurricane Deductible Law

The Louisiana Department of Insurance has issued an advisory letter to property/casualty insurers operating in the state that seeks to clarify the interpretation and application of state law regarding policy deductibles in relation to named storms/hurricanes/subtropical storms. Advisory Letter No. … Source: Claims Journal

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Billionaire Backs Personal Injury Lawsuit Funding Firm

The billionaire George Soros has found a new way to make money from personal injury lawsuits. Soros Fund Management is pushing into a branch of litigation finance that few hedge funds have entered. His family office is bankrolling a company … Source: Claims Journal

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Pain Medicine Group Cancels Marijuana Training for Doctors

A national medical group Thursday abruptly canceled its plans to train doctors about marijuana for pain relief after a federal agency pulled its funding. The episode highlights an ongoing conflict between federal and state laws on marijuana. The American Academy … Source: Claims Journal

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Tesla That Caught Fire in Florida Crash Reached 116 MPH

A Tesla Inc. Model S driven by an 18-year-old reached a top speed of 116 miles per hour before skidding into a wall in Fort Lauderdale, Florida, and bursting into flames, according to a preliminary report by U.S. accident investigators. … Source: Claims Journal

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Colorado Hailstorm Causes an Estimated $169M in Insured Losses

Residents of Fountain and Colorado Springs spent the past week cleaning up and meeting with insurance adjusters after an unusual early morning June 13th storm pounded vehicles and roofs, causing widespread damage that pelted the area with golf and baseball-sized … Source: Claims Journal

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