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Today Marks 25th Anniversary of Deadly Southern California Northridge Quake
This week marks 25 years since a deadly earthquake struck Southern California’s densely populated San Fernando Valley. The state said at least 57 died in the magnitude 6.7 Northridge quake, but a study issued the following year put the death … Source: Claims Journal
Read MoreInvestors Ignored PG&E Warning About Disasters
PG&E Corp. told investors repeatedly that weather-related disasters were a risk, but many didn’t pay enough attention until the company was on the brink of bankruptcy. The company included warnings in its regulatory filings and offering prospectuses citing how disasters … Source: Claims Journal
Read MoreWisconsin Wedding Barn Venues File Suit to Avoid Liquor Licensing Rule
Two Wisconsin wedding barns owners planned to file a lawsuit Tuesday against Gov. Tony Evers’ administration, seeking to ensure that private parties held at such venues don’t need to obtain liquor licenses. The lawsuit being filed Tuesday in Dunn County … Source: Claims Journal
Read MoreWillis Re: Several Catastrophes Led to Average Insured Losses in 2018
Insured losses from major natural catastrophes in 2018 totaled roughly $71.5 billion, only slightly more than the annual average since 2011 but the third-highest total during the eight-year period, according to the Summary of Natural Catastrophe Events 2018 report, published … Source: Claims Journal
Read MoreNew York Could Ban Stretch Limos Under New Proposal
New York Governor Andrew Cuomo proposed banning stretch limousines from the state’s roads as part of a safety crackdown on large for-hire passenger vehicles following the deadliest U.S. transportation accident in nearly a decade. Twenty people were killed in October … Source: Claims Journal
Read MoreCalifornia Storms Lead to Worry Over Potential Mudslides
A year after a mudslide swept through a fire-devastated California town, killing 21 people, residents of hundreds homes in burn areas were told to pack up and leave as a Pacific storm threatened potential catastrophe. In Riverside County east of … Source: Claims Journal
Read MoreRetaking Control When Dealing With Insurtech Choices
Distinguishing between insider and outsider firms is the key to gaining control of insurtech options, according to Wesley Todd, creator of CaseGlide, a collaboration, workflow, and analytics platform for insurance litigation departments. In the second in a series of podcasts … Source: Claims Journal
Read MoreHeadlights of the Future Could Offer Safety Benefits
Most people don’t turn on their car’s headlights and think, I wish they were brighter. Shuji Nakamura is not most people. The Nobel Prize-winning illumination scientist has spent the past five years developing a laser-based lighting system. His company, SLD … Source: Claims Journal
Read MoreSouth Carolina Lawmakers Try Again With New Medical Marijuana Bill
South Carolina lawmakers are once again introducing legislation to legalize marijuana for treatment of critically ill patients in the state, making another go at a debate that has gradually made progress in this deeply red state in recent years. Sen. … Source: Claims Journal
Read MoreBoston Marks the 100 Year Anniversary of the Great Molasses Flood
Slow as molasses? This treacle didn’t trickle. It was a sticky, deadly tsunami that flattened an entire Boston neighborhood within seconds. On Tuesday, the city marks the 100th anniversary of its most peculiar disaster – the Great Molasses Flood. It … Source: Claims Journal
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