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Archive for July 2018

Excessive Speed Caused Florida Roller Coaster Derailment

Excessive speed caused a roller coaster to derail at a Florida boardwalk, according to a preliminary investigative summary released Tuesday. Two riders fell 34 feet (10 meters) when the front car of the Sand Blaster Roller Coaster was left dangling … Source: Claims Journal

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Four Ways that AI Enables Insurers to Differentiate

Insurance companies are generating more data than ever before, and the value of that data is rapidly increasing as new products are able to properly analyze and make use of it. Beyond traditional analytics, one way that data can deliver … Source: Claims Journal

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Odds of El Nino Rises

It’s increasingly likely an El Nino will form this year in the equatorial Pacific to roil global weather patterns and threaten natural gas and agricultural markets, the U.S. Climate Prediction Center said in a report. There’s now a 70 percent … Source: Claims Journal

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NTSB Quizzes Officials on Deadly Washington Amtrak Train Wreck

Federal safety investigators on Tuesday questioned transportation officials about last year’s Amtrak train derailment south of Seattle that killed three people and injured dozens, focusing some questions on the curve where the train derailed. The Amtrak train was recorded at … Source: Claims Journal

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NICB Releases 2017 Hot Spots Vehicle Theft Report

The Albuquerque, N.M. metropolitan statistical area (MSA) maintained its top ranking with the highest per capita auto theft rate in 2017, according to the National Insurance Crime Bureau’s (NICB) latest Hot Spots report. Hot Spots examines vehicle theft data obtained … Source: Claims Journal

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People News: Navigators, GEICO, CM Regent

Navigators Announces Promotions Joe Savarese has been promoted to president, U.S. Specialty Primary Casualty. He will be responsible for driving the strategy and development of Navigators’ Specialty Primary Casualty product portfolio across the U.S. wholesale market. Since joining Navigators in … Source: Claims Journal

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Kansas Family’s Insurance Pays After Boy Topples Sculpture

A Kansas city has received $107,000 from a family’s insurance company after a 5-year-old boy accidentally knocked over a $132,000 sculpture at a community center. Sarah Goodman tells the Kansas City Star the incident happened last month at Overland Park’s … Source: Claims Journal

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