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Japan Government Focuses on Flying Car Project

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Electric drones booked through smartphones pick people up from office rooftops, shortening travel time by hours, reducing the need for parking and clearing smog from the air. This vision of the future is driving the Japanese government’s “flying car” project. … Source: Claims Journal

UK Lawmakers Say ‘Wild West’ Cryptocurrencies Need Regulation

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British lawmakers have backed calls for greater regulation of cryptocurrencies such as bitcoin in order to bring an element of control to a market that more resembles the “Wild West.” In a report on digital currencies published Wednesday, the Treasury … Source: Claims Journal

Where to Call Home When Displaced by a Storm

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As the pounding rains from Hurricane Florence finally ended, Lutrice Garcia left the shelter where she had spent several nights on a cot and tried to head home. But floodwaters from overflowing Crooked Creek covered the road and an emergency … Source: Claims Journal

Mercury Insurance SIU Celebrates 40 Years of Crime Fighting

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Mercury Insurance’s Special Investigations Unit (SIU), founded in 1978, is the company’s secret weapon against fraudulent insurance claims, which cost the average U.S. family $700 per year in increased premiums. The goal of the unit, which consists of 40 seasoned … Source: Claims Journal

State Farm Gets OK for Long Range Drone Flights to Assess Hurricane Damage

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The Federal Aviation Administration (FAA) recently granted a waiver to State Farm to allow the insurer the ability to inspect damage caused by Hurricane Florence. The approval, received just last week, allows State Farm to operate drones on longer range … Source: Claims Journal

Whether a Robot Takes Over Your Job Depends on Where you Live

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Will robots take your job? The answer depends on where you live. The threat varies “strikingly” between countries and regions, with as many as 40 percent of jobs at “high risk” in Western Slovakia and just 4 percent in the … Source: Claims Journal

Edmunds Highlights Latest Auto Safety, Technology Trends

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Historically, the latest innovations in vehicle technology debut on high-end luxury vehicles. Developing new features is an expensive endeavor, and usually only wealthy shoppers are willing to pay for them. Features such as a navigation system, stability control and even … Source: Claims Journal

Contractors Fined $86K Over Deadly Florida University Bridge Collapse

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Contractors that worked on the bridge near a Florida university that collapsed, killing six people, have been fined more than $86,000 for workplace violations. The Miami Herald reported Tuesday that the Occupational Safety and Health Administration issued the fines for … Source: Claims Journal

Hurricane Florence Insured Losses Could Reach $4.6B

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Hurricane Florence’s winds and storm surge caused $1.7 billion to $4.6 billion in insured losses along the U.S. Southeast coast, according to an estimate from Verisk Analytics Inc.’s catastrophe risk modeler AIR Worldwide. That doesn’t include the impact of record … Source: Claims Journal

Business News: The Carlyle Group, Next Insurance, PCS

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The Carlyle Group to Become Majority Investor in Sedgwick in $6.7B Transaction Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, announced today that affiliates of funds managed by The Carlyle Group (NASDAQ: CG) have agreed to … Source: Claims Journal