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California Mudslide Insurance Claims Top $421M

Insurers have received over 2,000 insurance claims totaling more than $421 million in losses from the deadly Montecito, Calif., mudslide that roared through the community carrying tons of mud and debris destroying or damaging more than 400 homes and businesses, … Source: Claims Journal

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Business News: Beazley, PURE, Stonetrust

Beazley Adds Embedded Workplace Violence Cover for its U.S. Insurer Clients Specialist insurer Beazley has added embedded workplace violence cover to the range of specialist products that U.S. insurers can access through its Beazley Product Solutions (BPS) team. By partnering … Source: Claims Journal

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ABA Panel Offers Tips on Handling Catastrophic, Complex Claims

Early reporting, insured cooperation and thorough investigation aid claims handling when dealing with catastrophic or complex injuries or damages, according to four experienced lawyers who spoke as part of a panel during the American Bar Association’s mid-year conference on insurance … Source: Claims Journal

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People News: Coverys, FM Global, Tokio Marine

Sheps Promoted to VP of Claims at Coverys Coverys, a provider of medical professional liability insurance, announced the appointment of Stephanie Sheps to vice president of Claims. Sheps inherits the position from Barbara Staples who recently retired from the organization … Source: Claims Journal

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FEMA Says Flood Insurance Rates Going up Again This Year

Flood insurance premiums will rise again this year, according to federal officials. The Federal Emergency Management Agency said flood premiums will jump about 8 percent, the Asbury Park Press reported. The average flood policy will cost $935 annually, up from … Source: Claims Journal

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