New Zealand retained a state of emergency in parts of its flood-battered South Island on Sunday as authorities weighed damage in the region hardest hit by four days of torrential rain. Last week’s rains in northern and central areas forced …
Japan’s Hino Motors will suspend shipments of small trucks after confirming that a widespread data falsification scandal included those models, it said on Monday, highlighting deepening problems at the Toyota Motor Corp. unit. Truck and bus maker Hino’s President Satoshi …
AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of American Reliable Insurance Co. in Scottsdale, Arizona. American Reliable is a …
The Georgia insurance commissioner is publicly shaming one of the country’s largest auto insurers after the carrier announced an average 25% rate increase in the state. “I am angry and disappointed that Allstate has chosen to exploit a loophole in …
A Florida judge has declared a Florida law championed by Republican Gov. Ron DeSantis that restricts race-based conversation and analysis in business and education unconstitutional. Tallahassee U.S. District Judge Mark Walker said in a 44-page ruling that the “Stop WOKE” …
Lockton, a global brokerage firm that provides insurance and employee benefits, has named two new executives in its Tennessee region. Jay Brown, with 25 years of experience, will be president in Lockton’s Nashville and Memphis offices. He will oversee culture, …
Most insurers (68 percent) plan to increase staff during the next 12 months, while only 5 percent anticipate a reduction in the number of employees, according to the Semi-Annual U.S. Insurance Labor Market Study by The Jacobson Group. Overall recruiting …
The number of reported incidents involving aiming of lasers at U.S. airplanes hit a record in 2021, according to a federal government report, which also said regulators should do more to address the problem. The Government Accountability Office said the …
Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies, according to a Lloyd’s market bulletin issued this week. The exclusion would include liability for losses arising from both war- and non-war-related state-backed cyber-attacks. “Lloyd’s remains strongly supportive …
Diplomats concerned about an atomic accident at a war-damaged nuclear power plant in Ukraine should also turn their attention to a larger and looming danger, according to engineers who study critical infrastructure. Already only two of six reactors at the …