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Oregon Climbing Bridge Closed After Court Ruling
An acclaimed recreational climbing route and one of the only overhang climbing areas in the country has been closed because of liability concerns. The Oregon city of Redmond doesn’t intend to permanently shut down the Maple Bridge Arches Climbing Project, … Source: Claims Journal
Read MoreNFIP Buys $1M in Private Reinsurance, Plans More in 2017
The federal government has contracted with private reinsurers to improve the National Flood Insurance Program‘s claims paying ability and reduce the need for the NFIP to borrow from the U.S. Treasury to cover future claims. The Federal Emergency Management Agency … Source: Claims Journal
Read MoreAutonomous Cars’ Effect on Auto, Cyber Insurance
Autonomous vehicles are expected to shake up the property/casualty market, as personal auto insurance premiums drop and cyber insurance steps in. As drivers look forward to a future of eating, reading and watching movies while being transported to destinations around … Source: Claims Journal
Read MoreFeds Release 15 Point Checklist for Self-Driving Car Makers
Obama administration officials previewed long-awaited guidance Monday that attempts to bring self-driving cars to the nation’s roadways safely – without creating so many roadblocks that the technology can’t make it to market quickly. Traditional automakers and tech companies have been … Source: Claims Journal
Read MoreLyft Exec Says in 5 Years Most Rides Will be in Autonomous Cars
Within five years, a majority of ride-hailing company Lyft’s rides will be in self-driving cars, the company’s co-founder and president predicted on Sunday. John Zimmer also said that personal car ownership will come to an end because autonomous rides will … Source: Claims Journal
Read MoreLatest California Wildfire Costliest Ever at $200M
A wildfire burning for nearly two months on California’s scenic Big Sur coast has surpassed $200 million in firefighting costs, becoming the costliest to fight in U.S. history, according to date released Monday. The fire has cost $206.7 million to … Source: Claims Journal
Read MoreSeattle Considers New Rules for Businesses With Hourly Workers
Seattle leaders have proposed new rules for retail and food-service businesses with hourly employees, including requiring them to schedule shifts two weeks in advance and compensate workers for some last-minute changes. It’s the latest push by a city that has … Source: Claims Journal
Read MorePro-Painkiller Echo Chamber Shaped Policy Amid Drug Epidemic
For more than a decade, members of a little-known group called the Pain Care Forum have blanketed Washington with messages touting prescription painkillers‘ vital role in the lives of millions of Americans, creating an echo chamber that has quietly derailed … Source: Claims Journal
Read MoreBusiness News: Liberty Mutual, Lemonade, FM Global, QBE
Liberty Mutual Insurance Introduces 2 New Excess Casualty Offerings Liberty Mutual Insurance launched two new excess casualty products: the Utility Follow Form Excess for the power and utility sectors, and the Integrated Occurrence Form for the large corporate sector. Both … Source: Claims Journal
Read MoreListeria Concern Prompts Kellogg to Recall Some Eggo Waffles
Kellogg Co. is voluntarily recalling about 10,000 cases of its Eggo Nutri-Grain Whole Wheat Waffles in 25 states because they could be contaminated with the bacteria listeria. Listeria can cause serious and even deadly infections. It primarily affects the elderly, … Source: Claims Journal
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