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PG&E Faces Record Fine of $2.1 Billion for Role in Wildfires

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California regulators increased penalties against PG&E Corp. to $2.1 billion for violations tied to the catastrophic wildfires ignited by the company’s power lines in 2017 and 2018. The penalty would be the largest ever imposed by the California Public Utilities … Source: Claims Journal

J.D. Powers: Policyholders Have Never Been Happier With Property Claims Process

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You wouldn’t know it from news coverage in the aftermath of Texas hailstorms or Florida hurricanes, but U.S. homeowner insurers are doing a better job than ever of pleasing their customers when responding to claims, according to J.D. Power. Results … Source: Claims Journal

New Tool Fools Hackers into Sharing Keys for Better Cybersecurity

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Instead of blocking hackers, a new cybersecurity defense approach developed by University of Texas at Dallas computer scientists actually welcomes them. The method, called DEEP-Dig (DEcEPtion DIGging), ushers intruders into a decoy site so the computer can learn from hackers’ … Source: Claims Journal

Advocates Say New Oil Safety Training Redundant

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BISMARCK, N.D. — A new program designed to streamline required oilfield safety training in North Dakota has drawn thousands of people, but some say the training is redundant and time-consuming. More than 16,000 people have participated in the One Basin-One … Source: Claims Journal

Earthquake Risk Prompts Order to Drain California Dam

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SAN JOSE, Calif. — Worried that an earthquake could collapse a big dam south of San Francisco, officials have ordered its reservoir to be completely drained by October to reduce the risk of floodwaters spilling into Silicon Valley. The 240-foot … Source: Claims Journal

US Official Says Pace of Federal Recovery Funds for Puerto Rico Speeding Up

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SAN JUAN, Puerto Rico — The newly appointed U.S. official charged with overseeing disaster recovery in Puerto Rico said Tuesday that while the pace of federally funded projects to help hurricane and earthquake victims has quickened, he’s worried about long … Source: Claims Journal

Texas Prosecutors Accuse Arkema, Executives of Failures Over Chemical Fire

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Opening statements began on Thursday in criminal charges against the U.S. arm of a French company and three executives over chemical fires that burned for days and injured emergency workers called to the site. The Arkema SA plant outside of … Source: Claims Journal

Catastrophe Bonds Signal Coronavirus Nearing Pandemic Status

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The World Health Organization says the coronavirus isn’t yet a global pandemic. Bonds that insure against just such a catastrophe say that it probably is. The bonds, sold in 2017 by the World Bank to raise money for poor countries … Source: Claims Journal

Bayer’s Roundup Woes May Force It to Sell Assets or Borrow

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Bayer AG acknowledged for the first time that lawsuits related to the controversial weed killer Roundup could force it to sell assets, issue new equity or borrow money at unfavorable terms. In its annual report published Thursday, Bayer said that … Source: Claims Journal

California Releases Autonomous Mileage Reports Car Makers Love to Hate

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Alphabet’s Waymo and General Motors-backed Cruise saw their autonomous vehicles require less help from human drivers on California’s public roads in 2019. Waymo drove 13,219 miles on average before a human safety driver had to take control of the vehicle … Source: Claims Journal