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Archive for August 2017

$150M Awarded in 1998 Arkansas School Shooting Lawsuit

A judge overseeing a civil lawsuit in northeast Arkansas on Monday awarded $150 million to the families of five people who were fatally shot outside an Arkansas school in 1998. Andrew Golden and Mitchell Johnson set off a fire alarm … Source: Claims Journal

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12th Annual Texas Hurricane Tour Begins

The Insurance Council of Texas (ICT) will lead a team of insurance experts and meteorologists in educating coastal Texans about the need for insurance coverage and hurricane preparedness as part of our 12th annual Hurricane Tour. The purpose is to … Source: Claims Journal

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Using Big Data to Predict and Prevent Power Outages

High-speed winds during a thunderstorm may cause trees around an electric grid to crash into the distribution system feeders causing an outage in that area. Currently, most utility companies diminish such accidents by scheduling regular tree-trimming operations. This effort is … Source: Claims Journal

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Drugged Driving a Rising Problem

An SUV crashed after all four occupants overdosed on heroin in North Carolina. The same day, a man in Williamsport, Pennsylvania, grabbed the steering wheel after his grandson lost consciousness while driving. Police in the city of 30,000 responded to … Source: Claims Journal

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Business News: Travelers, ISO, IAIABC

Travelers Completes Acquisition of UK-Based Simply Business The Travelers Companies, Inc.completed its previously announced acquisition of Simply Business, a leading provider of small business insurance policies in the United Kingdom, offering products online on behalf of a broad panel of … Source: Claims Journal

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Express Scripts Will Limit Drug for First Time Opioid Users

The nation’s largest pharmacy benefit manager will soon limit the number and strength of opioid drugs prescribed to first-time users as part of a wide-ranging effort to curb an epidemic affecting millions of Americans. But the new program from Express … Source: Claims Journal

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Louisiana Governor Wants to Broaden Homeowner Flood Grants

Gov. John Bel Edwards announced Wednesday he wants to broaden Louisiana’s flood aid program to include homeowners whose flood insurance proceeds didn’t cover their rebuilding costs and to boost grant amounts. Initial limits setting homeowner eligibility for the rebuilding aid … Source: Claims Journal

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