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$4M Payout for Lost Ring Not Enough, Ex-Tulsa Mayor Sues Insurer, Agent

The former mayor of Tulsa, Oklahoma, is suing an insurance company and broker because she says the $4 million she received for a lost blue diamond ring isn’t enough. The Tulsa World reports that Kathy Taylor’s federal lawsuit filed in …

Latest Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster

An oil spill in the Gulf of Mexico last week may be the largest in the U.S. since the 2010 blowout at BP Plc’s Macondo well that sank the Deepwater Horizon rig and killed 11 people. LLOG Exploration Co. reported …

Intel Proposes System to Make Self-Driving Cars Blameless

Intel Corp. has developed a system it says ensures that self-driving vehicles can’t cause accidents where they are at fault, an effort to reassure a skeptical public and help speed adoption of driverless cars on the road. The world’s largest …

Cause of Fatal Honolulu High-Rise Fire Remains Unknown

Honolulu investigators can’t determine the cause of a deadly high-rise apartment building fire that resulted in more than $107 million in damage, fire officials said. “The HFD fire investigators have completed an extensive and scientifically based investigation in full collaboration …

Colorado Proposes New Oil, Gas Line Rules After Blast

Colorado energy regulators on Monday proposed tighter rules for shutting down oil and gas pipelines after a fatal explosion blamed on natural gas leaking from a line that was thought to be out of service but was still connected to …

Forest Thinning Project Saved Oregon Homes From Fires

Lightning started a forest fire one August afternoon near this Oregon tourist town, and it was spreading fast. Residents in outlying areas evacuated as flames marched toward their homes. Just a few months earlier, the U.S. Forest Service and a …

Oil Rig Blast on Louisiana Lake Injures Many, 1 Missing

An oil rig explosion on a lake north of New Orleans, apparently caused when cleaning chemicals ignited, injured seven people and left authorities searching for another who was missing. There were “a lot of injuries,” many of them serious, with …

Decisions Still Pending on 3 Florida FEMA Appeals

Florida communities cleaning up and making repairs after Hurricane Irma may expect the U.S. government to reimburse their costs, but an analysis by The Associated Press shows the Federal Emergency Management Agency make take years to pay those bills – …

P&C Insurance Claims Transformation in 2017 – Retrospective and Prospective

Insurance carriers have made an unprecedented investment to improve the integrity of their claims systems and processes. This transformation started in the US over 15 years ago with the original goal of improving financial accuracy, financial control, upgrading legacy technology …

Warming Seas Could Lead to 70% Rise in Hurricane-Related Financial Loss

If oceans warm at a rate predicted by the Intergovernmental Panel on Climate Change, the United Nation-sponsored group that assesses climate change research and issues periodic reports, expected financial losses caused by hurricanes could increase more than 70 percent by …

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