US Supreme Court Lets Fuel Producers Challenge California Emissions Standards
The U.S. Supreme Court sided on Friday with fuel producers that had opposed California’s standards for vehicle emissions and electric cars under a federal air pollution law, agreeing that their legal challenge to the mandates should not have been dismissed. …
Foundational, Leadership-Driven Education High Priority in Insurance
Foundational learning remains a high priority for insurance and risk management professionals, according to The Institutes Knowledge Group’s annual Skills Report. Risk assessment, coverage analysis, and insurance operations education were among the top courses chosen by industry professionals. Based on …
Insurer Aflac Investigating Possible Data Breach
Aflac on Friday disclosed a cybersecurity incident in which personal information of its customers may have been compromised, making it the latest insurance provider to be targeted. The health and life insurance firm said the attack on its U.S. network, …
People Moves: Arizona Department of Insurance Names Ailor Interim Agency Director
Arizona Gov. Katie Hobbs appointed Maria Ailor as the interim agency director of the Arizona Department of Insurance and Financial Institutions. Ailor has 30 years of public service experience as an insurance regulator, serving in various supervisory roles, most recently …
Honda Recalls More Than 259,000 Cars in the US Due to Brake Pedal Issue
Honda is recalling more than 259,000 of its cars across the U.S. due to a problem that can cause the brake pedal to shift out of position, potentially interfering with a driver’s ability to stop or slow down. According to …
Thriving Southern Cities Face Economic Threat From Funding Cuts
The same economic anchor that propelled North Carolina’s Research Triangle into one of America’s most thriving economies now risks becoming a liability. Major academic institutions in the community have helped lure businesses of all sizes — and the jobs that …
Runaway Reaction Likely Caused Fatal Explosion at Food Color Plant in Ky., Board Says
Materials used in a food-coloring facility in Louisville led to a runaway chemical reaction last November, which likely caused the explosion that killed two workers and seriously injured three others, the U.S. Chemical Safety and Hazard Investigation Board said in …
How Will Tesla Remotely Control Robotaxis, And What Are The Limitations?
Tesla is expected to tiptoe into its long-awaited robotaxi service in Austin, Texas, as soon as Sunday with about 10 of its Model Y SUVs that will operate within strict limits. CEO Elon Musk has said the company is being …
California Utilities Expand Power Shutdowns as Winds Rise
California utilities cut power to more than 62,000 customers across the state in an attempt to stop wildfires from starting as dry winds sweep the region. PG&E Corp. cut off power to around 60,000 customers scattered across seven counties and …
FTC Fines Payment-Processor Paddle $5 Million for Alleged Support of Schemes
Paddle.com Market, a U.K.-based payment processor, and its subsidiary, Paddle.com, Inc., will pay $5 million and be permanently banned from processing payments for tech-support telemarketers, said the Federal Trade Commission this week. The FTC alleged that Paddle abused the U.S. …
Boston Jury Awards $8 Million to Cancer Patient Who Was Lifetime User of J&J Powder
A Boston jury has awarded $8 million to a Massachusetts woman who developed mesothelioma after years of using Johnson & Johnson’s talcum powder products. The jury found the pharmaceutical giant liable for negligence and breach of warranty, concluding that the …
Michigan Battery Manufacturer to Pay $95K Over Disability Discrimination Suit
Navitas Systems, LLC, an Ann Arbor, Michigan battery manufacturer, will pay $95,000 and furnish other relief to resolve a disability discrimination lawsuit filed by the U.S. Equal Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, Navitas …
Business Moves: Howden Acquires Chilean Retail Broker; United Risk Purchases Australian Facultative Reinsurance MGA, Pinnacle Underwriting
Howden Acquires Chilean Retail Insurance Broker Howden, the London-based insurance intermediary group, announced it has acquired Ureta & Fernandez Corredores de Seguros Limitada (U&F), an independent retail insurance broker headquartered in Santiago, Chile. Following completion of the acquisition, Felipe Ureta …
China Warns of More Floods as Extreme Storms Hit World’s No. 2 Economy
Central and southern China were on high alert for more flash floods on Friday as the annual East Asia monsoon gathered pace and extreme rainfall threatened disruption in the world’s second-largest economy. Red alerts, the first for this year, were …
Rio Tinto Reaches $138.75M Settlement With Investors Over Mongolian Mine
Rio Tinto agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia. A …
Iran Hijacking Home Security Cameras to Spy Within Israel
Iran is tapping into private security cameras in Israel to gather real-time intelligence about its adversary, exposing a recurrent problem with the devices that has emerged in other global conflicts. Earlier this week, after Iranian ballistic missiles tore through high-rise …
UK Car Theft Crisis Pits Manufacturers Against High-Tech Gangs
To the untrained eye, the red shipping container at Felixstowe looked no different to the thousands of others stacked up at Britain’s busiest seaport. Destined for Africa, its contents were listed as “household goods,” but to police officer Adam Gibson, …
Oklahoma Workers’ Compensation Commission Votes to Reduce MITF Assessment
The Oklahoma Workers’ Compensation Commission announced that it voted this spring to reduce the Multiple Injury Trust Fund assessment on workers’ compensation coverage providers from 7% to 6.29%. This is the first reduction in five years, the WCC said. The …
Toyota’s Japanese Insurer Files $361 Million South Africa Claim
A 6.5 billion rand ($361 million) lawsuit has been lodged in a South African court by a Japanese insurance company for a claim arising from flood damages suffered in 2022 by Toyota Motors Corp.’s plant near Durban. The claim against …
Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus
Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit. John …