Posts by Y@DminG

California lawmakers raised concerns Thursday that a proposal from Gov. Jerry Brown to shield electrical utilities from some financial liability for wildfires might give them too much protection without ensuring the utilities safely maintain their equipment. The issue of wildfire … Source: Claims Journal

Igor Beresnev didn’t want to wait for a research grant or fresh data from the next big earthquake. So, over summers and weekends, he analyzed existing, historical data and ran his calculations. Now he believes he’s established the upper limit … Source: Claims Journal

Zurich Insurance Group AG got a boost from its property & casualty business, putting the company on track to meet Chief Executive Officer Mario Greco’s three-year restructuring goals. The Swiss insurer’s biggest unit saw higher profit and posted a lower … Source: Claims Journal

Big Island Mayor Harry Kim is planning to ask the state Legislature for $550 million for disaster recovery following the effects of the Kilauea volcano eruption. Kim said he discussed a conceptual plan with Gov. David Ige last week, and … Source: Claims Journal

Puerto Rico is now estimating that Hurricane Maria killed more than 1,400 people, far more than the official death toll of 64, in a report to Congress seeking billions to help the island recover from the devastating storm. The government, … Source: Claims Journal

In anticipation of the first recreational marijuana stores opening within Massachusetts in the coming weeks, state officials Wednesday stepped up warnings to motorists about the risks of driving while stoned. A new public education and enforcement campaign announced by Republican … Source: Claims Journal

AIG and The Carlyle Group Announce Strategic Partnership with DSA Re American International Group and The Carlyle Group announced a strategic partnership to build DSA Re into a standalone provider of reinsurance, claims handling and run-off management solutions for long-dated, … Source: Claims Journal

As wildfires ravage the U.S. West, Republican Senate candidate Mitt Romney has called for more logging and a high-tech early detection system in a plan that was met with some skepticism. Romney, a candidate in Utah, said in an essay … Source: Claims Journal

With four storms already in the books, the Atlantic is expected to produce a total of nine to 13 named storms during the six-month hurricane season that ends Nov. 30, the National Oceanic and Atmospheric Administration said. That’s down from … Source: Claims Journal

Sicilian gangsters dropped 25-kilo (55-pound) cast-iron weights on the limbs of drug addicts, alcoholics and other vulnerable people to obtain insurance payments for fake car accidents worth hundreds of thousands of euros, police said Wednesday after making 11 arrests in … Source: Claims Journal