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Hawaii Considers Ways to Combat Traffic-Related Deaths

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HONOLULU — Hawaii lawmakers have proposed initiatives to help reduce the number of traffic-related fatalities after transportation officials confirmed more than 100 deaths in the last year. Those initiatives include installing traffic cameras to capture drivers running red lights and … Source: Claims Journal

Two Killed, 20 Injured When Warehouse Explosion Shakes Houston

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HOUSTON — A massive explosion Friday leveled a warehouse in Houston, killing two workers, damaging nearby buildings and homes and rousing frightened residents from their sleep miles away, authorities said. The explosion happened about 4:30 a.m. inside a building at … Source: Claims Journal

McKesson Board Agrees to $175 Million Accord in Opioid Case

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McKesson Corp.’s board reached a $175 million settlement with investors who claimed directors failed to maintain adequate internal systems for spotting suspicious opioid shipments, as the U.S.’s largest drug distributor continues to grapple with claims it helped fuel a public-health … Source: Claims Journal

Travelers Sets Aside ‘Modest’ Funds for Child Sex-Abuse Claims

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Travelers Companies Inc has set aside a “modest” amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer’s finance chief, Daniel Frey, told analysts during an earnings call on Thursday. Two analysts asked about Travelers’ … Source: Claims Journal

DirecTV Satellite in Danger of Exploding and Must Be Moved

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A satellite operated by AT&T Inc.’s DirecTV unit is in danger of exploding and needs to be moved away from an orbital zone occupied by other big communications satellites. There’s “a significant risk” that battery cells aboard Spaceway-1 could burst, … Source: Claims Journal

Google’s ‘Wi-Spy’ Accord Gives Consumers Nothing, States Say

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Attorneys general from nine states urged a federal judge to toss out Google’s $13 million settlement of a class-action lawsuit blaming its Street View mapping technology for a massive violation of consumer privacy. The proposed accord in a debacle that … Source: Claims Journal

How Parametric Cover Complements Traditional Insurance, Streamlines Claims

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Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate insurance. Parametric insurance solutions offer a means to guarantee direct payout after a qualifying event and protect against unpredictable but … Source: Claims Journal

Insurers Reserve for Potential Child Sex-Abuse Claims Under Extended Time Limit Statutes

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Travelers Companies Inc. has set aside a “modest” amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer’s finance chief, Daniel Frey, told analysts during an earnings call on Thursday. Two analysts asked about Travelers’ … Source: Claims Journal

Construction Crews ‘Bend and-Stretch’ with Miley Cyrus, Vanilla Ice to Limit Injuries

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It’s called bend-and-stretch, a sequence of exercises that all Mortenson and Scull construction crews participate in before starting their day working on the Rushmore Plaza Civic Center arena project. “It is how we start our day, every single day,” Max … Source: Claims Journal

Court: Insurer Cannot Refuse Payment for Pain Cream Without Utilization Review

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An insurer cannot ignore a $4,869.99 bill for a tube of compounded pain cream on the grounds that the medication is unnecessary without first filing a utilization review petition, a Pennsylvania appellate court ruled. The decision Thursday by the Commonwealth … Source: Claims Journal