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Toyota is recalling nearly 400,000 vehicles because the rearview camera may not display when backing up, increasing the risk of a crash, federal traffic safety regulators said. Included in the recall are 2022-2025 Toyota Tundras and Tundra hybrids and 2023-2025 …

Connecticut has launched a free online risk mapping tool that allows Connecticut homeowners and businesses to assess their property’s risk from flooding, wildfires, and other perils to better understand their insurance needs. Provided through a public-partnership between the state insurance …

Amwins, the specialty insurance broker headquartered in Charlotte, said it has acquired Applied Risk Capital, a Miami-based managing general agent specializing in credit insurance for the leveraged financial market. ARC was founded in 2019 and provides credit insurance plans for …

Citadel’s planned office tower in Miami’s Brickell neighborhood — long expected to cost more than $1 billion — will probably be closer to $2.5 billion with construction likely to begin mid-to-late next year, founder and Chief Executive Officer Ken Griffin …

OpenAI and Anthropic are exploring the use of investor funds to settle potential multibillion-dollar lawsuits, the Financial Times reported on Wednesday. Copyright owners have launched a series of high-stakes lawsuits against tech firms, including OpenAI, Microsoft, and Meta Platforms, alleging …

State agents have so far found no evidence that a fire that destroyed a judge’s home on a South Carolina island was intentionally set, the state’s top law enforcement official said Monday. The Saturday blaze nearly burned to the ground …

As broader adoption of AI technologies continues to accelerate, companies that implement more advanced Responsible AI (RAI) measures are pulling ahead while others stall. According to the second Responsible AI (RAI) Pulse survey from the EY organization, four in five …

This edition of International People Moves details appointments at Acrisure Re in Brazil and the Bermuda-based re/insurer Vantage Risk. A summary of these new hires follows here. Acrisure Re Taps Ximenez From Lockton to Lead Newly Formed Brazil Unit Acrisure …

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the formation of a new team in its International pillar, who will work with global clients and brokers to place insurance programs for UK subsidiaries of overseas corporates, providing access to …

Britain’s motor finance industry is on the hook for 8.2 billion to 9.7 billion pounds ($11 billion-$13 billion) to compensate consumers for unfair car loans, the regulator said on Tuesday, in plans that point to a lower bill than the …

Tropical Storm Jerry formed in the Atlantic east of the Caribbean, becoming the 10th system in the 2025 hurricane season. Jerry, with top winds of 45 miles (72 kilometers) per hour, was about 1.315 miles east of the Caribbean Leeward …

Qilin, a ransomware group with a track record of cyberattacks on major entities around the world, claimed responsibility on Tuesday for a hack on Japan’s Asahi Group Holdings 2502.T that disrupted production at the beer and beverage giant. Asahi Group’s …

The European Union has proposed restrictions on three firms that have provided fake flags to sanctioned oil tankers in Russia’s shadow fleet, according to documents seen by Bloomberg. The entities have supplied false Aruba, Curacao and Sint-Maarten flags to at …

A group of Italian families has filed a lawsuit against Facebook, Instagram, and TikTok, accusing the platforms of failing to enforce age restrictions and using addictive features that harm children’s mental health. The case asks a Milan court to require …

Chobani urged a federal judge to dismiss a lawsuit by Danone, the parent of rival U.S. yogurt brand Dannon, claiming it copied packaging and the “Bright & Mellow” slogan for a competing line of ready-to-drink cold brew coffee. Danone accused …

US electric companies will spend almost $208 billion in 2025 and more than $1.1 trillion over the next five years on the power grid, according to industry group Edison Electric Institute. Utility spending is growing rapidly. For comparison, investor-owned utilities …

Despite the rapid rise of artificial intelligence in the insurance sector, along with claims of widespread errors and even discrimination by algorithms, A.I. is becoming vital to the industry – but insureds will be protected by existing statutes, insurance advocates …

A New York judge on Monday upheld a Long Island county’s law banning transgender women from playing on female sports teams at county-run parks and recreational facilities. In a decision in a suit brought by a roller derby league, Judge …

Germany’s Continental AG has reached a deal with former managers that will see their insurance pay damages between 40 million and 50 million euros ($46.7 million-$58.3 million) in connection with the diesel scandal, reported the Handelsblatt newspaper on Tuesday. The …

Although economic uncertainty could affect insurers in the near to midterm, the workers’ compensation line continues to be a key driver of the profitability of the entire property/casualty insurance industry even as workers’ compensation prices are falling, according to a …