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Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima
Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into effect in January 2017, according to the Ministry of Finance …
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N.Y. Law Firm Skadden May Be Required to Pay Overtime for Temp Attorneys
A federal appeals court said on July 23 the New York law firm Skadden, Arps, Slate, Meagher & Flom may owe overtime pay to a contract lawyer for performing non-legal work, a decision that could make it more costly for …
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Southwest Risk Taps Keller to Lead New Agency Services Division
Dallas-based Southwest Risk LP has created a new division, Southwest Risk Agency Services (SWRAS), with a focus on binding business and programs for independent agents. The new division will be led by Joy Keller, a seasoned insurance professional who has built …
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Earthquake Shakes Alaska’s Aleutian Islands
The U.S. Geological Survey is reporting no damage from a strong earthquake that rocked Alaska’s Aleutian Islands. The quake struck at 8:49 p.m. Sunday and was centered 45 miles southwest of the village of Nikolski (nih-KOHL’-skee) at a depth of …
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Fed Up with Crummy Streets, Detroit-Area Residents Patch Potholes
Some Detroit-area residents fed up with the crummy condition of certain streets are taking matters into their own hands. Volunteers with the recently started Hamtramck Guerrilla Road Repair effort started filling in potholes July 25 on one roadway and they …
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Oregon County Updates Natural Disaster Plan to Deal with Cascadia
Deschutes County in Oregon has updated its plan for dealing with natural disasters, including the potential Cascadia Subduction Zone earthquake that recently received national attention. The Bulletin reported that county commissioners adopted the update last week. The plan details how …
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Oregon Workplace Deaths Down in Second Quarter of 2015, Report Shows
Workplace deaths in Oregon for the second quarter of 2015 were down markedly from the previous quarter, possibly resuming a long-turn trend of deaths on average falling steadily since the 1980s, according to the the state bureau that tracks the …
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Pool Fire at Las Vegas Hotel Fueled by Fake Palm Trees
Fake palm trees and high winds fueled a poolside fire on a rooftop at The Cosmopolitan hotel-casino on the Las Vegas Strip over the weekend, fire officials said Monday. The blaze on Saturday sent guests running and plumes of black …
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Generali 2nd Quarter Profit Rises 51% on Life Business
Assicurazioni Generali SpA said second-quarter profit rose 51 percent, beating analysts’ estimates, after earnings from life insurance surged. The shares climbed in Milan. Net income at Italy’s biggest insurer increased to 626 million euros ($687 million) from 415 million euros a year …
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N.Y. Sen. Schumer Touts High-Tech Sensors That Prevent Drunk Driving
U.S. Sen. Charles Schumer, D-N.Y., says the nation should increase funds for the development of high-tech sensors that can disable a car’s ignition if its driver is drunk. The New York Democrat said on July 26 that he is supporting …
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