INSURANCE NEWS

Japan Truck Manufacturer Hino Admits It Faked Emissions Data for 20 Years

TOKYO (AP) – Hino Motors, a truck maker that’s part of the Toyota group, systematically falsified emissions data dating back as far as 2003, according to the results of an investigation released Tuesday. President Satoshi Ogiso bowed deeply at a …
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Ukraine Wants Ship Safe Passage Deal Extended Beyond Grain to Other Cargoes

Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia’s invasion was due in Ukraine later in the day to load, as Kyiv called for the safe passage deal to be extended to other …
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UK’s Solvency II Plans Could Open Door to Share-Buyback Bonanza for Insurers

Insurers would potentially be able to use billions of pounds of expected gains from a relaxation of capital rules for share buybacks and to pay dividends, under plans by both candidates to succeed Boris Johnson as UK prime minister. Foreign …
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Teenagers Charged with Arson at Chicago-Area Shuttered Resort

Two teenagers have been charged with arson for allegedly setting a May fire at a shuttered suburban Chicago resort that took firefighters a full day to extinguish. The two boys face charges of arson, burglary, criminal damage to property and …
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North Texas Wildfires Continue to Erupt

One firefighter was injured and two others were treated for heat exhaustion while fighting a wildfire in North Texas that burned almost half a square mile Wednesday, officials said. The fire near Tolar, about 40 miles (65 kilometers) southwest of …
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Equifax May Face Class-Action Suit After Credit-Score Glitch

Equifax Inc., the second-biggest global credit bureau, was hit with a proposed class-action lawsuit after a report that it provided inaccurate credit scores on millions of US consumers looking for loans. The suit, filed Wednesday in federal court in Atlanta, …
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CSU Team Slightly Lowers Forecast for Still Above-Average Hurricane Season

The hurricane research team at Colorado State University has slightly lowered its outlook for the Atlantic hurricane season but is still calling for above-average action. The CSU Tropical Meteorology Project team is now predicting 18 named storms in 2022, including …
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Lawsuit Against Massachusetts Police Alleges Wrongful Arrest of Black Man

A suburban Boston police officer who was pursuing a white suspect pinned a 20-year-old Black man to the ground as he was walking home and placed a knee on the man’s neck despite having no evidence that he was involved …
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Jury Awards Sandy Hook Parents $4.1 Million in Defamation Case Against Alex Jones

A Texas jury on Thursday ordered conspiracy theorist and media personality Alex Jones to pay $4.1 million to the parents of a Sandy Hook shooting victim who sued him for defamation after he repeatedly claimed the school shooting was a …
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California’s Largest Wildfire Got Very Little Help from Rainfall

California’s largest wildfire so far this year has so far charred nearly 90 square miles, getting only a little help from rainfall in the area this week. The wildfire, which is now listed as 10% contained, broke out on July …
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Equifax Says Consumer Credit Scores Changed in Computer Error

Equifax Inc. said some consumer credit scores were changed because of a computer error that has since been rectified. A server “coding issue” led to the inaccurate scores, the consumer credit-reporting firm said Tuesday in a statement posted on the …
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Louisiana Insurers Have Paid $13.1 Billion on Ida Claims

Louisiana insurers have paid or reserved to pay $13.1 billion on Hurricane Ida claims through June 30, 2022, the state’s department of insurance announced this week. Policyholders have filed 460,709 claims of all types from Hurricane Ida as of the …
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