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Zurich Property Unit Leads Way to Meet CEO’s Goals

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

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Hawaii Plans $550M Request for Disaster Recovery

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

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Business News: DSA Re, PEAK6, CoreLogic

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

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Atlantic Could See up to 7 Hurricanes in 2018 Storm Season

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

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Police: Sicily Gangsters Crushed Limbs in Insurance Fraud Scam

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

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Stale Cockpit Air Could Dull Airline Pilot Performance

That poorly ventilated conference room isn’t the only place with the potential for sick-air syndrome. Airliner cockpits can also have levels of carbon dioxide elevated enough that in simulations it causes pilots to fail test maneuvers at higher rates than … Source: Claims Journal

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People News: CSAA, AIG, Travelers

Ingersoll Named VP of Corporate Innovation at CSAA John Ingersoll has been named VP of Corporate Innovation at CSAA Insurance Group. Ingersoll is among the inaugural Velocity Program at the company, a “growth engine” that brings employees from various business … Source: Claims Journal

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