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Startups Are Inventing Cooling Clothes for a Hotter Future
Every morning, thousands of construction workers in Qatar start their day by soaking their uniforms in water. The two-minute ritual kickstarts an important process: When the workers are toiling outside — often at summer temperatures above 120F (48C) — their … Source: Claims Journal
Read MoreGreece Working With Israel on AI Technology for Earlier Detection of Wildfires
Greece is working with Israel on developing artificial intelligence technology that would help in early detection of dangerous wildfires, the Greek prime minister said Monday. After talks with his Israeli counterpart Benjamin Netanyahu and Cypriot President Nikos Christodoulides in the … Source: Claims Journal
Read MoreNASCAR Drives Home Safety With Driver Restraints, Soft Barriers and Other Measures
Chris Buescher caught a glimpse of a mangled car in the infield grass at Daytona International Speedway. He didn’t think much about it at first. Then, as he circled the track under caution, he saw a slow-motion replay of the … Source: Claims Journal
Read MoreJudge Orders Camden Diocese to Rework Bankruptcy Plan After Insurers’ Complaints
The Catholic Diocese of Camden, New Jersey must rework its bankruptcy plan to better protect insurers from invalid and inflated sexual abuse claims and unreasonable attorneys’ fees. Citing some concerns raised by insurers, U.S. Bankruptcy Judge Jerrold Poslusny Jr. declined … Source: Claims Journal
Read MoreRMS, Verisk Weigh in With Insured-Loss Estimates in Low Billions From Idalia
Moody’s RMS and Verisk on Monday each released insured loss estimates for Hurricane Idalia. RMS estimated total private market insured losses from Idalia to be between $3 billion and $5 billion, with a best estimate of $3.5 billion. Verisk meanwhile … Source: Claims Journal
Read MoreJohannesburg Building Fire Leaves at Least 73 Dead, Many of Them Homeless
A nighttime fire ripped through a rundown five-story building in Johannesburg that was occupied by homeless people and squatters, leaving at least 73 people dead early Thursday, emergency services in South Africa`s biggest city said. Some of the people living … Source: Claims Journal
Read MoreWhat Caused Closure of Toyota’s 14 Assembly Plants in Japan?
Toyota Motor was ramping back production at its Japan-based factories on Wednesday after a computer system processing orders for vehicle parts broke down on Tuesday, forcing the closure of 14 assembly plants. The disruption shut down a system that is … Source: Claims Journal
Read MoreHow Much Carbon Damage Would Cost Corporations If They Paid For Emissions
The world’s corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies. The “corporate carbon … Source: Claims Journal
Read MoreFBI and European Partners Seize Major Global Malware Network
U.S. officials said Tuesday that the FBI and its European partners infiltrated and seized control of a major global malware network used for more than 15 years to commit a gamut of online crimes including crippling ransomware attacks. They then … Source: Claims Journal
Read MoreReinsurers Expected to Raise Cyber Rates as They Seek to Regain Profitability: S&P
More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by S&P Global Ratings. “Reinsurers had a difficult 2022 due to low profitability and even underwriting … Source: Claims Journal
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