INSURANCE NEWS

Honda Recalling 1.2 Million Vehicles for Rear Camera Issue

Honda Motor is recalling 1.2 million vehicles in the United States due to a potential issue with the rearview camera image, the National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall covers some 2018-2023 Odyssey, 2019-2022 Pilot, and …
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EU Banks Expand Risk Models to Better Prepare for Climate-Change Fallout

European banks are building out their risk models to better prepare for the fallout from climate change, with some even examining the short-term liquidity implications of a hotter planet, according to a joint survey conducted by the Association for Financial …
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Europe’s Firefighters Call for More Resources as Climate Change Hikes Wildfire Threat

Firefighters across Europe are calling for more resources as climate change increases the threat of wildfires across the region. While the European Union announced a doubling of its aerial firefighting fleet for this season to 24 airplanes and four helicopters, …
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Marsh McLennan to Work With Ukraine to Provide Access to Global Insurance Market

Marsh McLennan, the professional services firm in the areas of risk, strategy and people, today announced that it will work with the Ukrainian government to help it unlock access to the global insurance market. As part of the support, it …
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Russia-Aligned Hackers Pose Threat to Canada Energy Sector, Spy Agency Says

Russia-aligned hackers could seek to disrupt Canada’s powerful oil and natural gas sector, especially since Ottawa is a strong backer of Ukraine, a Canadian spy agency said on Wednesday. The Communications Security Establishment (CSE) signals intelligence agency said Russia had …
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Construction/Engineering Sector Ranks BI/Supply Chain Disruption as Top Risk

Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according to a report published by Allianz Global Corporate & Speciality …
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East Palestine Community Struggles to Trust Authorities and Norfolk Southern After Train Disaster

The Norfolk Southern Corp. train was on fire when it passed Jessica Conard’s backyard in East Palestine, Ohio. Conard was lying in bed, blinds closed, unaware of the catastrophe barreling into her hometown. “My first realization that something was up …
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Thousands Remain Without Power in Oklahoma and Louisiana After Weekend Storms

TULSA, Okla. (AP) – Thousands of residents in Oklahoma and Louisiana remained without electricity Wednesday as work crews continued to repair power lines damaged by weekend storms. In Tulsa, Oklahoma, less than 92,000 customers remained without power after three tornadoes …
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In 2021 US Firearm Fatalities Reached Record Highs for Second Straight Year: Report

Newswise — A new report from the Johns Hopkins Center for Gun Violence Solutions analyzing 2021 Centers for Disease Control and Prevention data reveals another record year for firearm fatalities. The 48,830 lives lost to firearms in 2021—the second year …
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PwC Probes Security Incident Tied to Russian-Speaking Clop Cyber Gang

A criminal hacking gang has added more names to its lists of alleged victims from a recent campaign that exploited a vulnerability in a popular file-transfer product. The group, known as Clop, threatened to post internal data from professional services …
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People Moves: Aspen Appoints Tartaglia SVP, COO, Insurance; Alliant Insurance Services Makes Senior-Level Hires

Aspen Appoints Tartaglia SVP, COO, Insurance Aspen Insurance Holdings Limited has appointed Robert Tartaglia to the newly created position of SVP, chief operations officer, insurance, starting July 3. Tartaglia will be based in Aspen’s Jersey City, New Jersey offices. Tartaglia …
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MLB Sued by 17 Ex-Scouts Over Age Discrimination

Seventeen former Major League Baseball scouts who say they were discriminated against because of their age sued the league, its teams and Commissioner Rob Manfred on Wednesday. The lawsuit was filed in U.S. District Court in Denver. The former scouts …
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