News Center
News Archives - Insurance Journal
Michigan Battery Manufacturer to Pay $95K Over Disability Discrimination Suit
Navitas Systems, LLC, an Ann Arbor, Michigan battery manufacturer, will pay $95,000 and furnish other relief to resolve a disability discrimination lawsuit filed by the U.S. Equal Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, Navitas …
POSTED JUNE 20, 2025 9:00 AM |
Business Moves: Howden Acquires Chilean Retail Broker; United Risk Purchases Australian Facultative Reinsurance MGA, Pinnacle Underwriting
Howden Acquires Chilean Retail Insurance Broker Howden, the London-based insurance intermediary group, announced it has acquired Ureta & Fernandez Corredores de Seguros Limitada (U&F), an independent retail insurance broker headquartered in Santiago, Chile. Following completion of the acquisition, Felipe Ureta …
POSTED JUNE 20, 2025 8:55 AM |
China Warns of More Floods as Extreme Storms Hit World’s No. 2 Economy
Central and southern China were on high alert for more flash floods on Friday as the annual East Asia monsoon gathered pace and extreme rainfall threatened disruption in the world’s second-largest economy. Red alerts, the first for this year, were …
POSTED JUNE 20, 2025 8:41 AM |
Rio Tinto Reaches $138.75M Settlement With Investors Over Mongolian Mine
Rio Tinto agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia. A …
POSTED JUNE 20, 2025 8:29 AM |
Iran Hijacking Home Security Cameras to Spy Within Israel
Iran is tapping into private security cameras in Israel to gather real-time intelligence about its adversary, exposing a recurrent problem with the devices that has emerged in other global conflicts. Earlier this week, after Iranian ballistic missiles tore through high-rise …
POSTED JUNE 20, 2025 8:17 AM |
UK Car Theft Crisis Pits Manufacturers Against High-Tech Gangs
To the untrained eye, the red shipping container at Felixstowe looked no different to the thousands of others stacked up at Britain’s busiest seaport. Destined for Africa, its contents were listed as “household goods,” but to police officer Adam Gibson, …
POSTED JUNE 20, 2025 7:57 AM |
Oklahoma Workers’ Compensation Commission Votes to Reduce MITF Assessment
The Oklahoma Workers’ Compensation Commission announced that it voted this spring to reduce the Multiple Injury Trust Fund assessment on workers’ compensation coverage providers from 7% to 6.29%. This is the first reduction in five years, the WCC said. The …
POSTED JUNE 20, 2025 7:30 AM |
Toyota Files $361 Million South Africa Flood Damage Lawsuit: BD Report
Toyota Motors Corp. has brought a lawsuit for 6.5 billion rand ($361 million) in a South African court for 2022 flood damages that shuttered its plant near Durban, Business Day reported. The claim against Transnet SOC Ltd., the KwaZulu-Natal Department …
POSTED JUNE 20, 2025 7:10 AM |
Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus
Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit. John …
POSTED JUNE 20, 2025 7:00 AM |
People Moves: Circadian Risk Names Schools CFO
Circadian Risk, headquartered in Ann Arbor, Michigan, named Frank Schools as chief financial officer (CFO). Schools will oversee the company’s financial strategy, planning, risk management and reporting functions. Schools previously worked with Circadian Risk principals while serving as CFO of …
POSTED JUNE 20, 2025 7:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does FDI Management Group confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|