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Archive for July 2019

Experts: Event Organizers Should Improve Emergency Plans

LOS ANGELES — Event organizers should review their emergency plans after the deadly shooting at a California food festival to see if they can make additional safety improvements as the peak of summer and fair season brings open-air environments that … Source: Claims Journal

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Ethiopian Airlines, MAX Claims Put Pressure on Swiss Re Profits

FRANKFURT — Swiss Re’s first-half net profit fell 5.3%, as claims relating to the Ethiopian Airlines crash and the subsequent grounding of the Boeing 737 MAX, plus natural catastrophes took their toll. The world’s second-largest reinsurance company highlighted claims from … Source: Claims Journal

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Senators Question FAA on Aircraft Certification

WASHINGTON — A group of U.S. senators on Wednesday questioned the Federal Aviation Administration oversight of Boeing Co’s 737 MAX as the agency defended the longstanding practice of deferring much of the process of certifying new aircraft to manufacturers. A … Source: Claims Journal

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Wall Street’s Top Watchdog Seeks Help to Muzzle a Mystery Troll

Elon Musk mocked it as the “Shortseller Enrichment Commission.” Billionaire Mark Cuban said it’s “useless.” Hedge fund legend Leon Cooperman called it “abusive.” For the U.S. Securities and Exchange Commission, such attacks come with the territory. But brushing them off … Source: Claims Journal

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University of California Sues Retailers Over LED Bulbs

The University of California is looking to halt imports of vintage-style LED light bulbs that are sold at five of the nation’s biggest retailers, including Walmart Inc., Target Corp. and Amazon.com Inc. The University of California Santa Barbara says the … Source: Claims Journal

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Insurer Innovation Comes Under the Rating Agency Microscope

Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers’ innovation efforts. Journalist Russ Banham spoke with ratings agencies, thought … Source: Claims Journal

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