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New Chance to Recoup More Damages for World Trade Center Developer

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A federal appeals court has given the developer Larry Silverstein a new chance to recoup more money for rebuilding the World Trade Center site in New York, on top of the $4.1 billion of insurance proceeds he has received. The … Source: Claims Journal

Insurers, Wyoming Man Will Pay $2.9M for 2012 Wildfire

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A man who accidentally started a 2012 wildfire that burned over a mountain and threatened the town of Jackson has agreed to a $2.9 million payment under a legal settlement. James G. Anderson Jr., 79, will be responsible for $425,000. … Source: Claims Journal

Fortified Buildings, Alerts Help Chile Avoid Major Catastrophe After 8.3 Quake

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Parts of this port city were a disaster zone Thursday after an 8.3-magnitude quake hit off the coast, killing at least 12 people and likely causing billions in damage. Overturned cars and splintered boats sat in mud next to furniture, … Source: Claims Journal

Midwestern Tornadoes Damage Homes, Cause Injuries in 2 States

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A pair of tornadoes along the Kansas-Missouri border with speeds of up to about 110 mph damaged homes and caused minor injuries, officials said. The first twister touched down around 6:30 p.m. Friday about 40 miles south of Kansas City, … Source: Claims Journal

Home Inventories Can Cut Claim Processing Time by 50%

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Wild weather has become more common with climate change, the experts say, and homeowners can prepare for natural disasters by making home inventories – detailed lists of household belongings and their approximate value. Making a home inventory can be easy; … Source: Claims Journal

Cave Exploration on Rise Despite Danger

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Patrick Werszner and a friend visited the Stephens Gap Cave Preserve in Jackson County, Ala., on Sept. 6. The 18-year-old UAB student sat on a ledge – what Stephens Gap cavers call “The Pedestal” – inside the preserve’s main cave. … Source: Claims Journal

Senators Seek Details on Cybersecurity From Automakers

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Two U.S. senators have asked the world’s biggest automakers for information on steps they have taken to protect cars from being hacked, as attention on vehicle security has surged following the first car recall over a cyber bug. Democratic Senators … Source: Claims Journal

This Year’s California Wildfires Costliest for Insurers Since 1991

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The wildfires ravaging Northern California may be the costliest for the insurance industry in more than two decades by the time the blazes are controlled. “Although it is too early to provide any current loss estimates, the Valley fire could … Source: Claims Journal

Global Warming has Reinsurers Calling for Action at Climate Change Summit

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Politicians must act to cap global warming when they meet at a United Nations summit at the end of the year as the financial and humanitarian consequences of natural catastrophes become ever clearer, reinsurers meeting at an industry conference said. … Source: Claims Journal

South Dakota Saloon Owner Says Power Cord Caused Fire

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The fire that destroyed the Full Throttle Saloon in Sturgis, S.D., was caused by a malfunctioning electrical cord, according to the owner of the popular biker bar. “We had a keg cooler behind the main bar, and (workers) had pulled … Source: Claims Journal