Insurance
Toyota Blames Human Error for Leak of Vehicle Data of 2 Million Users in Japan
Toyota Motor Corp. said on Friday the vehicle data of 2.15 million users in Japan, or almost the entire customer base who signed up for its main cloud service platforms since 2012, had been publicly available for a decade due …
Read More Texas Shell Refinery Unit Had History of Malfunctions Before Fire
The units at a Houston-area Shell refinery that caught fire on Friday repeatedly malfunctioned in recent years without action from Texas regulators. Since the start of 2022, the British oil giant reported at least four malfunctions at one olefins unit …
Read More Michigan Attorney General Charges 6 With Criminal Enterprise Targeting Accident Victims
Michigan Attorney General Dana Nessel and Director Anita Fox from the Department of Insurance and Financial Services (DIFS) announced a criminal enterprise and related charges against. six individuals who are accused of auto insurance fraud and taking advantage of Michigan …
Read More People Moves: BevCap Names Raun Director of Client Consulting; Spot Names Goy CEO
BevCap Management Names Raun Director of Client Consulting BevCap Management, LLC has named Ben Raun to its team as director of client consulting. Raun has 15 years of experience in property and casualty claims, risk management consulting and customer stewardship …
Read More Michigan Paper Mill With Fungal Infections Outbreak Reopens
ESCANABA, Mich. (AP) – A northern Michigan paper mill has resumed operations after closing for three weeks to deal with an unusual outbreak of fungal infections. The Billerud Paper Mill in Escanaba reopened Monday, following a deep cleaning recommended by …
Read More Hackers Aim to Find Flaws in AI
No sooner did ChatGPT get unleashed than hackers started “jailbreaking” the artificial intelligence chatbot – trying to override its safeguards so it could blurt out something unhinged or obscene. But now its maker, OpenAI, and other major AI providers such …
Read More Auto Insurance Results ‘Historically Bad’ in 2022: S&P
In 2022, the U.S. private auto insurance industry reported its worst underwriting results in over two decades, according to a S&P Global Market Intelligence analysis. The net combined ratio for the sector — when excluding policyholder dividends — was 111.8. …
Read More Climate Change Not ‘Serious Risk’ to Financial Stability, Fed’s Waller Says
Climate change does not pose such “significantly unique or material” financial stability risks that the Federal Reserve should treat it separately in its supervision of the financial system, Fed Governor Christopher Waller said on Thursday in a detailed rebuttal of …
Read More Kentucky DOI Hosts Virtual Session on Local Government Premium Taxes
The Kentucky Department of Insurance will hold a virtual meeting Monday to discuss changes to local government premium taxes due to take effect later this year. Kentucky law allows cities and counties to set taxes or fees on some types …
Read More Mom of Virginia Boy Who Shot Teacher Doesn’t Know How Son Got Gun
Four months after a 6-year-old Virginia boy shot and wounded his teacher as she taught class in Newport News, an attorney for the boy’s mother said it still is not clear how the boy got the gun. Police have said …
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