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Bertha Weakens to Tropical Depression After Making Landfall In South Carolina

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Bertha, the second named storm this Atlantic hurricane season, has weakened to a tropical depression but was still expected to bring heavy rain and possibly life-threatening flash floods to parts of the Carolinas and Virginia, the U.S. National Hurricane Center … Source: Claims Journal

U.S. Sanctions Advisory Raises Hurdles For Global Maritime Industry

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LONDON/WASHINGTON — Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk … Source: Claims Journal

WCIRB Lowers Mid-Range Estimate of COVID Workers Comp Costs by $10B

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The Workers’ Compensation Insurance Rating Bureau of California published estimated costs of allowing state workers to receive benefits for COVID-19 claims without proving virus exposure at work, dropping a prior mid-range estimate by $10 billion. In a report published on … Source: Claims Journal

Tropical Storm Lands in South Carolina Ahead of Atlantic Season

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The Atlantic’s second storm of 2020 made landfall just east of Charleston, South Carolina, with the official start of the Atlantic hurricane season still almost a week away. Tropical Storm Bertha, with top winds of 50 miles per hour (81 … Source: Claims Journal

Cyclone Shows Cost of Delaying $38 Billion Bangladesh Delta Plan

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Mizanur Rahman recalls the last time a major tropical storm hit Bangladesh, when Cyclone Sidr killed more than 3,000 people in 2007. In the aftermath of the destruction, he watched the dead body of a woman being washed ashore by … Source: Claims Journal

Poconos Water Park Shuttered by Pandemic Faces Mortgage Woes

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One of America’s biggest indoor water parks, normally packed with frolicking families, has gone dark — a casualty of social distancing. Now, the mortgage on the property is in trouble. The Kalahari water park and resort in the Poconos, with … Source: Claims Journal

Company Owner of Two Killed Workers Had Been Cited 27 Times

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STARKVILLE, Miss. — The owner of the contracting company of which two workers were killed in a trench collapse in Mississippi earlier this month was previously issued 27 federal citations for safety violations. Shane Henderson was the president of the … Source: Claims Journal

Australia Targets Litigation Funders In Class Action Clampdown

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The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in costly class action lawsuits. Treasurer Josh Frydenberg said on Friday that litigation funders will be required to hold an Australian … Source: Claims Journal

Federal PRIA Bill Officially Introduced for Biz Interruption, Event Cancellation

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During a press conference on Tuesday, U.S. Rep. Carolyn Maloney, D-New York, officially announced the introduction of the much-anticipated Pandemic Risk Insurance Act of 2020, a federal backstop for pandemic-related business interruption insurance modeled after the Terrorism Risk Insurance Act. … Source: Claims Journal

Bayer Reaches Deals on Big Share of 125,000 Roundup Weedkiller Suits

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Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations. The deals, which have yet to be signed and … Source: Claims Journal