U.S. safety regulators are reviewing eight complaints that the engines in tiny Smart Fortwo cars can catch fire. The investigation by the National Highway Traffic Safety Administration covers about 43,000 of the two-seat cars from the 2008 and 2009 model …
Next Insurance and Munich Re Announce Partnership Next Insurance announced its partnership with Munich Re to launch a product targeting commercial photographers, who will be able to buy, renew and maintain policies online. According to a 2016 report by McKinsey …
Earthquakes, hail, thunderstorms and Hurricane Matthew resulted in the largest insurance losses in 2016. Total economic losses from natural catastrophes and man-made disasters in 2016 are estimated to be $158 billion in 2016, according to figures released by Swiss Re. …
Unsafe transport leads to death: Farmworkers ‘disposable’? Jose Rangel Chavez and 18 other Mexican guest workers were dozing as their bus hurtled down Interstate 40 in a light rain. After nine months away from home, the 22-year-old was about to …
Highway safety advocates are worried that a government rule that would electronically limit speeds of tractor-trailers could be scuttled or ignored by the administration of President-elect Donald Trump. The rule proposed by two federal agencies would cap the speed of …
In a new white paper, Lockton assesses the risks Buddy the Elf encounters in his new environment and at the North Pole. According to Lockton’s analysis of the movie “Elf” (2003), there are many lines of insurance that could come …
For several years, inspections by the U.S. Department of Labor’s Occupational Safety and Health Administration identified a disturbing pattern of defective forklifts being used to move, handle, load and unload freight in at least 11 Central Transport LLC shipping terminals …
Lawsuits accusing Starbucks of putting too much ice in iced coffee and too much foam in lattes top the U.S. Chamber Institute for Legal Reform’s (ILR) survey of the Top Ten Most Ridiculous Lawsuits of 2016. ILR also released a …
There was, in hindsight, a clear element of risk to Tesla Motors Inc.’s decision to install Autopilot hardware in every car coming off the production line since October 2014. It paid a price, with federal regulators probing the deadly crash …
Three years and three months later, a massive oil spill in North Dakota still isn’t fully cleaned up. The company responsible hasn’t even set a date for completion. Though crews have been working around the clock to deal with the …