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Archive for November 2017

Insurers Could Pay up to $1B for Las Vegas Massacre

The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires. The industry may have to shell out more … Source: Claims Journal

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Paper Investigates Texas Dam Safety

The earthen dam on the outskirts of this Williamson County city certainly does not look flimsy. The Austin American-Statesman reports at 35 feet high and nearly a third of a mile long, it has done a reliable job of holding … Source: Claims Journal

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CompPharma: Workers’ Comp Drug Spend Continues to Decline

A new survey shows an 11 percent reduction in worker’s compensation payers’ year-over-year drug spend. The decline is associated with a 13.3 percent reduction in opioid cost, according to CompPharma’s 14th Annual Survey of Prescription Drug Management. Total workers’ compensation … Source: Claims Journal

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Firebreaks Permit Requirement in Southern New Jersey Sparks Concern

Some New Jersey residents are expressing concerns about a proposed change they fear could hamper creation of firebreaks in the New Jersey Pinelands. The Philadelphia Inquirer reports that the Pinelands Commission is considering changes to its comprehensive management plan requiring … Source: Claims Journal

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Business News: AIG, Willis Towers Watson, Betterview

AIG Introduces Blackboard, New Brand for Data Enabled, Digital Subsidiary American International Group, Inc. introduced Blackboard, the new brand name and logo for its technology-focused subsidiary, formerly operating under the Hamilton USA brand. AIG completed the acquisition of Hamilton USA … Source: Claims Journal

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Employees May Soon Be Taking Climate Leave

Even the workplace has to adapt to the warming world. As climate change creates more intense storms, companies have started preparing for work disruptions due to extreme weather. In a sign of the times, Fog Creek, a software company based … Source: Claims Journal

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