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Huge El Nino Expected, But Early Readings Deceiving

The El Nino raising temperatures across the Pacific and roiling global weather patterns is poised to make the record books, but anyone who tells you which position it will take could be much mistaken. The best tool for measuring the … Source: Claims Journal

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Survey: CEOs Overestimate Coverage for Cyber and Reputation Risks

According to the 2015 International Business Resiliency Survey, conducted by Marsh, a global  insurance and risk management broker, and Disaster Recovery Institute International (DRII), firms consider cyber and IT-related risks to be the most likely to occur and have the … Source: Claims Journal

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FAA to Back Ban on Lithium Batteries on Passenger Plane Shipments

The risk of unstoppable fires is prompting U.S. officials to back a proposed international ban on rechargeable lithium battery shipments as cargo on passenger airlines. “We believe the risk is immediate and urgent,” Angela Stubblefield, a Federal Aviation Administration hazardous … Source: Claims Journal

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Freedom Specialty Insurance Takes Nationwide Name

Effective today, Freedom Specialty Insurance Company will be rebranded as Nationwide.  The change was made to leverage Nationwide’s brand recognition, diverse product offerings and financial stability. According to the Company, customers will continue to enjoy the stability of a Fortune … Source: Claims Journal

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Scope Manufacturers Ordered to Provide FDA With Safety Studies

Federal health authorities are ordering manufacturers of specialized medical scopes to study how the reusable devices are cleaned following a series of life-threatening bacterial outbreaks at U.S. hospitals. The Food and Drug Administration said Monday that the three companies must … Source: Claims Journal

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