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China’s Henan Province Braces for More Rain After Severe Floods Kill at Least 33

China’s Henan province is bracing for more heavy rain after severe flooding that sparked large-scale evacuations left at least 33 dead, while minor disruptions to manufacturing and commodity production continued. The death toll includes at least 12 people who were …

W.R. Berkley-Backed Vehicle Inspection Firm UVeye Raises $60M in New Round

UVeye, a company that uses artificial intelligence to do fast vehicle inspections, has raised $60 million from investors including used car retailer CarMax Inc. and the insurer W.R. Berkley Corp. “The completion of Series C funding represents a significant step …

Mississippi Health Official: State Seeing Rapid Increase in July COVID-19 Cases

Mississippi’s top public health official said Monday that the state is seeing a rapid increase in COVID-19 cases in July. “4th wave is here,” Dr. Thomas Dobbs, the state health officer, wrote on Twitter. The Mississippi State Department of Health …

People Moves: California Insurance Commissioner Appoints Members to CIGA, COIN Boards

California Insurance Commissioner Ricardo Lara made several new appointments, including naming one member to the California Automobile Assigned Risk Plan Advisory Committee, one member to the California Insurance Guarantee Association Board of Governors, two members to the California Organized Investment …

California Commissioner Lowers Workers’ Comp Benchmark

California Insurance Commissioner Ricardo Lara lowered the workers’ compensation insurance benchmark rate by 5 cents to $1.41 per $100 of payroll effective Sept. 1. Lara’s decision results in an average advisory pure premium rate that is below the $1.50 average …

California Workers’ Comp Report: Private Self-Insured Indemnity Claim Frequency, Paid & Incurred Losses Spiked in 2020

Workers’ comp claim frequency among California’s private self-insured employers rose in 2020, fueled by a big increase in the incidence of indemnity claims, offsetting a decline in medical-only claim frequency, according to a new report from the California Workers’ Compensation …

Oklahoma Lawmakers Urge Interim Study on Opioid Prescriptions

Three Oklahoma state representatives have requested an interim study to investigate clinical outcomes of patients with pain following policies resulting in rapid reductions in opioid prescribing. Rep. John Talley, R-Stillwater, said the study seeks to examine the effects of the …

Judge OKs Distribution For $192M South Carolina Failed Nuclear Project Settlement

Investors who lost fortunes in the failure of a multi billion-dollar nuclear reactor construction deal in South Carolina will soon begin to see their portions of a $192 million settlement, under a recently approved distribution. Last week, a federal judge …

3 Houston-Area Denny’s Locations Cited for Wage Violations

Rams Food Inc., the operator of three Denny’s locations in the Houston area, has been cited for wage and overtime violations by U.S. labor officials. The U.S. Department of Labor’s Wage and Hour Division said an investigation found Rams Food …

Florida Vacation Rental Voluntarily Evacuated Due to Balcony Cracks

A vacation rental building on Florida’s Gulf Coast was deemed structurally unsafe, leading to the voluntary evacuation of tourists who were staying there, officials said. Vacation rental companies sent the evacuated vacationers to other rental properties after the building was …

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