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California Governor Approves New Earthquake Alert System

Californians will begin getting warnings of impending earthquakes through their cellphones, radios and other devices within the next year or two as the state ramps up a lifesaving early warning system, emergency management officials said Thursday. Gov. Jerry Brown signed … Source: Claims Journal

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With Insured Losses Estimated at $8.5-$11B, Louisiana Looks to Recovery

Catastrophe modeling firm AIR Worldwide estimates that industry ground-up insurable losses—which include exposures eligible for coverage (regardless of whether they are actually insured) without any application of deductibles or limits—from the flooding in Louisiana caused by excessive rainfall during August … Source: Claims Journal

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New Mexico Insurance Regulator Wants More Time to Pursue Back Taxes

New Mexico’s superintendent of insurance pleaded Wednesday for more time to recover unpaid taxes on insurance premiums and investigate at least one company, after an outside audit uncovered $193 million in uncollected state revenue. Insurance Superintendent John Franchini told a … Source: Claims Journal

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