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Russia Still Uses Western Insurance for Half of Oil Shipments
Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the situation. The Group of Seven … Source: Claims Journal
Read MoreFlorida Citizens Property Wants Appraisers to be Licensed Adjusters
Citizens Property Insurance Corp. has weighed in on a question that could shake up the appraisal process in Florida insurance claims disputes, urging state regulators to require that appraisers be licensed adjusters. In a motion to intervene in a petition … Source: Claims Journal
Read MorePG&E Pledges $18 Billion to Cut Wildfire Risk in California
PG&E Corp. plans to invest $18 billion in wildfire prevention through 2025 following back-to-back seasons of devastating blazes linked to the utility’s network of wires and other equipment. PG&E will bury more than 2,000 miles (3,200 kilometers) of wires, install … Source: Claims Journal
Read MoreAI Leaders Urge Pause on More Powerful Models to Develop Safety Protocols
Artificial intelligence experts and industry leaders, including Elon Musk, University of California Berkeley computer science professor Stuart Russell and Apple Inc. co-founder Steve Wozniak, are calling on developers to hit the pause button on training powerful AI models. More than … Source: Claims Journal
Read MoreSwiss Re Faces $6.3 Million Claim Over Sexism, Unfair Dismissal
LONDON, March 29 (Reuters) – A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in compensation and told a London court she wants to … Source: Claims Journal
Read MoreBoy Scouts Bankruptcy Plan Upheld Despite Insurers’ Objections
A federal judge on March 28 denied an appeal, largely made by insurers, to strike down the Boy Scouts of America’s reorganization plan approved last year to allow the nonprofit to settle tens of thousands of sexual abuse claims. The … Source: Claims Journal
Read MoreSouth Carolina High Court Clarifies Uninsured Motorists, Liquor Liability Laws
The South Carolina Supreme Court on Wednesday handed down three opinions that resolve two questions about insurance law. One decision will probably disappoint auto insurers; the other will please carriers in the liquor liability line. In two separate decisions, the … Source: Claims Journal
Read MoreUS Opens Investigation into Tesla Seat Belts Coming Loose
DETROIT (AP) — U.S. highway safety regulators have opened yet another investigation into problems with Teslas, this time tied to complaints that the seat belts may not hold people in a crash. The investigation by the National Highway Traffic Safety … Source: Claims Journal
Read MoreLandslide in Ecuador Kills at Least 7, with Dozens Missing
ALAUSI, Ecuador (AP) — A huge landslide swept over an Andean community in central Ecuador, burying dozens of homes, killing at least seven people and sending rescuers on a frantic search for survivors, authorities said Monday. Earlier in the day, … Source: Claims Journal
Read MoreTornado-Spawning Storms May Get Worse Due to Warming
America will probably get more killer tornado- and hail-spawning supercells as the world warms, according to a new study that also warns the lethal storms will edge eastward to strike more frequently in the more populous Southern states, like Alabama, … Source: Claims Journal
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