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Hurricane Florence Insured Losses Could Reach $4.6B
Hurricane Florence’s winds and storm surge caused $1.7 billion to $4.6 billion in insured losses along the U.S. Southeast coast, according to an estimate from Verisk Analytics Inc.’s catastrophe risk modeler AIR Worldwide. That doesn’t include the impact of record … Source: Claims Journal
Read MoreBusiness News: The Carlyle Group, Next Insurance, PCS
The Carlyle Group to Become Majority Investor in Sedgwick in $6.7B Transaction Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, announced today that affiliates of funds managed by The Carlyle Group (NASDAQ: CG) have agreed to … Source: Claims Journal
Read MorePlan to Save Road Could Flood South Carolina Town’s Homes
Two years ago, from Hurricane Matthew and in 1999, from Hurricane Floyd, floodwaters came close to entering Joe Holmes’ house in South Carolina, but he dodged those bullets. Now, with Florence, he doesn’t feel so lucky. He worries the Waccamaw … Source: Claims Journal
Read MorePennsylvania Catholic Dioceses Sued Over Sex Abuse Allegations Disclosure
Parents of children in the Roman Catholic Church and survivors of sexual abuse by clergy filed a lawsuit Monday against Pennsylvania’s eight dioceses and their bishops asking a judge to compel them to release information about abuse allegations. The lawsuit … Source: Claims Journal
Read MoreHurricane Rating System Fails to Account for Deadly Rain
When meteorologists downgraded Hurricane Florence from a powerful Category 4 storm to a Category 2 and then a Category 1, Wayne Mills figured he could stick it out. He regrets it. The Neuse River, normally 150 feet away, lapped near … Source: Claims Journal
Read MoreApps Like Waze May Not Steer Drivers Away From Disaster
Navigation apps like Waze are trying to help motorists avoid hurricane flooding. But can people really rely on their smartphones to steer themselves out of a disaster zone? Amid heavy rain from Florence, some smartphone or in-car map directions in … Source: Claims Journal
Read MoreClass Action Lawsuit Filed Against Gas Company After Massachusetts Blasts
Lawyers filed a class action lawsuit Tuesday on behalf of people who were forced out of their homes for days when dozens of natural gas explosions and fires ripped through three Massachusetts towns. The lawsuit is the first of what’s … Source: Claims Journal
Read MorePipe Pressure Before Massachusetts Gas Blasts 12 Times Higher Than Normal
The pressure in natural gas pipelines prior to a series of explosions and fires in Massachusetts last week was 12 times higher than it should have been, according to a letter from the state’s U.S. senators to executives of the … Source: Claims Journal
Read MoreApple, Firefox Privacy Tools Aim to Block Facebook, Google Tracking
Facebook and other companies routinely track your online surfing habits to better target ads at you. Two web browsers now want to help you fight back in what’s becoming an escalating privacy arms race. New protections in Apple’s Safari and … Source: Claims Journal
Read MoreShortage Has Trucking Industry Considering Younger Drivers
A nationwide shortage of truckers has some industry officials and national lawmakers supporting a plan to allow 18-year-olds to become long-haul drivers, while others in the industry say it’s a bad idea that will decrease safety on the nation’s road. … Source: Claims Journal
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