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Is Climate Change Now Its Own Industry?
Interest in climate change is becoming an increasingly powerful economic driver, so much so that some see it as an industry in itself whose growth is driven in large part by policymaking. The $1.5 trillion global “climate change industry” grew …
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South Florida a Haven for All Types of Fraud
Need a phony ID? A fraudulent tax refund? Insurance money from a sham car crash? Florida may have just what you’re looking for. Since the first settlers hacked their way into the mangrove tangles and drained much of the swampland, …
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Authorities: Thieves Targeting Personal Vehicles of Atlanta Firefighters
Atlanta firefighters have been warned to keep their vehicles free of valuables after authorities say thieves are targeting the vehicles while the firefighters are working. Multiple media outlets report that four pickup trucks at Fire Station No. 11 in the …
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Michigan Insurance Regulators: Consumer Complaints Up in 2014
Announcing it assisted 172,913 consumers across the state in 2014, the Michigan Department of Insurance and Financial Services said consumer complaints increased last year compared to 2013. Health insurance generated the most complaints in 2014 with 1,795 formal complaints, followed by automobile …
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Texas DPS Takes 1.7K Commercial Vehicles Out of Service
The Texas Department of Public Safety (DPS) said during its inspection of 7,865 commercial motor vehicles in June it pulled approximately 21.7 percent, or 1,710, of the 18-wheelers, buses and other commercial vehicles inspected out of service for a variety …
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Davis, LeStourgeon Join Cincinnati Re in Management Positions
John A. Davis and Paul B. LeStourgeon have joined The Cincinnati Insurance Co. in its newly expanded reinsurance assumed initiative known as Cincinnati Re. Davis, managing director, head of casualty reinsurance, will oversee the strategic direction, underwriting and marketing of the company’s casualty …
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Texas Company Fined $112K for Safety Violations at Energy Facility
The federal Occupational Safety and Health Administration has cited Southcross Energy Partners GP LLC for seven safety violations at its cryogenic natural gas processing facility in Gregory, Texas. Safety officials have proposed penalties of $112,000 against the company. OSHA said …
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Public-Private Catastrophe Scheme in UK Would Help Mitigate Cyber-9/11: Study
A public-private, cyber-catastrophe reinsurance arrangement would improve the UK’s resilience against the growing threat of cyber risks in this interconnected world, according to a cyber report released this week. Given the fact that the current market for cyber insurance is …
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3 Firefighters Hurt in Houston Blaze; Man Charged with Arson
Houston police say a man has been accused of starting an apartment complex blaze on July 28 that left three firefighters slightly hurt. Houston City Jail records show 18-year-old Danny Isidoro was being held on a charge of reckless arson. …
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Investigators: FAA Guidance Lacking in Wisconsin Midair Collision
A lack of guidance from the Federal Aviation Administration and improper training were significant factors in the midair collision of two skydiving planes over northwestern Wisconsin about two years ago, according to aviation investigators. The National Transportation Safety Board has …
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