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Gulf Tanker Incidents May Raise Shippers’ Costs, Cut Traffic

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Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a … Source: Claims Journal

Philadelphia Energy Solutions Files for Bankruptcy after Refinery Fire

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Philadelphia Energy Solutions (PES) filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East … Source: Claims Journal

ConEd Faces Expanded Probe After Heat Wave Forces Power Shutdown

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Consolidated Edison Inc. said it would be ready for the heat wave. It wasn’t, and instead was forced to shut off power to prevent damage to its equipment. In all, at least 53,000 customers lost electricity Sunday as a heat … Source: Claims Journal

Chamber Study Concludes Privacy Lawsuits Benefit Attorneys More than Consumers

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Statutes allowing plaintiff lawyers to enforce privacy laws through private rights of action are clogging courts and provide no real benefit to consumers, a report from the U.S. Chamber of Commerce’s Institute for Legal Reform (ILR) claims. By contrast, privacy-related … Source: Claims Journal

A Community Ponders Role of Drugmakers in Opioid Struggle

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JACKSON, Ohio — The numbers are staggering: An average yearly total of 107 opioid pills per resident were distributed over a seven-year period in this rural Appalachian county. The newly released federal data is shocking even to people who live … Source: Claims Journal

Valen Analytics, Drone Base and CNA Pitch Products

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Valen Analytics Predicts Comp Risks with no Loss History Workers’ compensation carriers can now accurately score a policy even where there is no loss history on the account, according Valen Analytics, a data analytics and predictive modeling firm for the … Source: Claims Journal

Kinder Morgan Pipeline Faces Opposition in Texas

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A Kinder Morgan Inc.-led natural gas conduit is getting blowback in a place that’s so far been a refuge for the embattled pipeline industry: Texas. And it comes as drillers in the Lone Star state need pipeline space more than … Source: Claims Journal

Nuclear Industry Push for Reduced Oversight Gaining Traction

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WASHINGTON — Fewer mock commando raids to test nuclear power plants’ defenses against terrorist attacks. Fewer, smaller government inspections for plant safety issues. Less notice to the public and to state governors when problems arise. They’re part of the money-saving … Source: Claims Journal

Apparent Decline in Overdose Deaths Reverses Long-Running Trend

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NEW YORK — U.S. overdose deaths last year likely fell for the first time in nearly three decades, preliminary numbers suggest. The Centers for Disease Control and Prevention on Wednesday posted data showing nearly 68,000 drug overdose deaths were reported … Source: Claims Journal

Heat Wave Broils Eastern, Central U.S., Utilities Poised for Demand

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NEW YORK — A massive heat wave that has enveloped the U.S. Midwest pushed into the Northeast on Friday, ushering in temperatures that could top 100 degrees Fahrenheit in Washington, D.C., and leading utilities to take steps to prevent power … Source: Claims Journal