INSURANCE NEWS

Kenya and Nigeria Recall J&J Children’s Cough Syrup Over Suspected Toxicity

Kenya’s drug regulator is recalling a batch of Johnson & Johnson children’s cough syrup, it said on Thursday, a day after Nigeria recalled the same batch of medication under the Benylin Paediatric brand. Nigeria’s health regulator said laboratory tests on …
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Ukraine Nuclear-Plant Attacks Prompt Emergency Watchdog Meet

The United Nations atomic watchdog held an emergency meeting in Vienna to discuss the increasing risk of an accident at a Russian-occupied atomic power plant in Ukraine. International Atomic Energy Agency diplomats convened on Thursday to discuss safety at Europe’s …
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Drought, Heat Raise Risk of Repeat of Canada’s Record-Breaking Wildfires of 2023

Canada’s emergency preparedness minister warned Wednesday the country’s wildfire season could be more explosive than last year when it led to unprecedented smoke conditions across much of the country and into the United States. Persistent drought and months of above-average …
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Europe Stands Firm Against US-Driven ESG Backlash

Steady investor demand in Europe for environmental and socially responsible investments and wide-ranging regulation are helping Europe’s finance industry withstand political pressures that have pushed some U.S. peers to backtrack on their green agendas. In the United States, conservative politicians …
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Climate Verdict for Swiss Women a Warning for European States, Oil Industry

Governments and companies that are lax on climate action should be worried since this week’s European human rights court ruling against the Swiss government improves the odds that other such cases could win at the top court, legal experts said. …
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Explainer: Limits on PFAS in Drinking Water Could Fuel Litigation

The U.S. Environmental Protection Agency has finalized the first federal regulations on toxic “forever chemicals” in drinking water, setting tight limits that essentially require public water systems to all but eliminate their presence in American tap water. The highly anticipated …
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Soaring Insurance Costs Hit as US Buyers Finally Get a Break on Car Prices

A new form of sticker shock has hit American car buyers like Darin Davis. In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he bought just a few months earlier, …
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CISA Says Russian Hackers Used Microsoft Access to Steal Government Emails

The U.S. Cybersecurity and Infrastructure Security Agency said Russian government-backed hackers have used their access to Microsoft’s email system to steal correspondence between officials and the tech giant, an emergency directive by the U.S. watchdog released on Thursday showed. In …
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SC High Court Strikes ‘Troubling’ Denial of Comp Claim, Says Can’t be Based on Stats

An employer cannot use an ergonomics report, showing that a work injury is statistically unlikely, to deny a workers’ compensation claim, the South Carolina Supreme Court said this week in an opinion that sharply questioned an appellate panel’s decision making. …
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Mayor Says New York City Will ‘Iron Out Kinks’ in Errant Chatbot

An artificial intelligence-powered chatbot created by New York City to help small business owners is under criticism for dispensing bizarre advice that misstates local policies and advises companies to violate the law. But days after the issues were first reported …
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Green Risk Shield, Striior Announce Wildfire Analytics and Underwriting Collaboration

Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty Solutions, has partnered with Green Shield Risk Solutions, a Chicago-based catastrophe risk mitigation specialist, to access wildfire analytics. This collaboration focuses on …
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Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut

After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry predicted that the new rules would prevent further rate increases – but would not lead to actual decreases …
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