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Archive for October 2016

Testimony in Ex-Coach’s Defamation Suit Against Penn State

An investigator testified Wednesday that threatening emails and calls about a witness who helped produce child molestation charges against Jerry Sandusky were not enough to make him fear for the man’s safety. Anthony Sassano with the Pennsylvania attorney general’s office … Source: Claims Journal

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Regulators Want to Strengthen Banks’ Cyber Security

Federal regulators are looking to set up new standards for big banks’ planning and testing for possible cyberattacks. The aim is to bolster the banking industry’s defenses amid concern over periodic security breaches at U.S. banks. The move announced Wednesday … Source: Claims Journal

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Sales and Use Taxes on Subrogation Services

Navigating The Sales Tax Maze In South Dakota, New Mexico, And Hawaii As a means of raising revenue, particularly during times of economic crisis, a handful of states employ, and many states repeatedly revisit, the dubious and counter-productive scheme of … Source: Claims Journal

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California Researchers Say Teen DUI Programs Needed

In an effort to put the brakes on sobering statistics related to teenagers driving under the influence, researchers at University of California San Diego School of Medicine will join forces with the San Diego Police Department (SDPD) to reduce alcohol-impaired … Source: Claims Journal

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Decline in Travelers Profit Continues

Travelers Cos., the sole property/casualty insurer in the Dow Jones Industrial Average, posted its fourth-straight profit decline as weather-related costs climbed and investment income slipped. Third-quarter net income fell 23 percent to $716 million, or $2.45 a share, from $928 … Source: Claims Journal

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Florida Hurricane Fund Still in Good Shape

Florida’s streak of dodging hurricanes is over, but the state-created fund that helps private insurers pay out claims after a storm remains in strong financial shape. Anne Bert, the chief operating officer of the Florida Hurricane Catastrophe Fund, said preliminary … Source: Claims Journal

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VW Judge ‘Strongly’ Favors $14.7B Settlement

Volkswagen AG and car owners will likely secure a federal judge’s final sign-off on their $14.7 billion settlement as the automaker continues to seek regulators’ approval of a fix for 482,000 pollution-spewing vehicles still on U.S. roads. U.S. District Judge … Source: Claims Journal

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