Takata's bankruptcy-protection filing in Delaware shows more than $10 billion in liabilities as the company faces lawsuits related to its air-bag inflators, which have been connected to more than a dozen deaths and have seen a widespread recall. The company is seeking creditor protection in Japan as well.
Fidget spinners are toys originally designed for children with anxiety, attention-deficit/hyperactivity disorder or autism, but the products have become a fad, and they can carry product-liability implications, Karen Sorrell writes. The Consumer Product Safety Commission is investigating fidget spinners amid claims that the products pose a choking hazard and can cause injuries.
How does your telematics program compare? The State of Insurance Telematics explores the state of US insurance telematics adoption, focusing on the challenges insurers face, both internally and externally, in getting a telematics program to market. This paper also provides information on the benefits derived from telematics.
About 1,000 firefighters are working to quell a Utah wildfire that is about 10% contained and has resulted in the evacuation of about 1,500 people. Meanwhile, a wildfire in Southern California that was about 70% contained on Sunday evening has also led to some evacuations.
The National Hurricane Center says Tropical Storm Dora, in the Pacific Ocean off Mexico's coast, likely will strengthen into a hurricane today. Forecasters expect Dora's eye to stay offshore, but the storm could bring heavy rain to Mexico's southwestern coast.
Federal Emergency Management Agency teams are working with officials in Michigan's Isabella and Midland counties to assess flood damage caused by recent storms. Many roads are closed because of the flooding, and the state has issued a disaster declaration for the two counties.
Health insurance company Anthem has agreed to pay $115 million to settle a class-action lawsuit over a data breach that led to the exposure and theft of about 80 million records in 2015, including client names, medical IDs, dates of birth, physical and email addresses, and Social Security numbers. US District Judge Lucy Koh is to hear the case in San Jose, Calif., on Aug. 17.
About 60% of government websites have cybersecurity vulnerabilities, a higher percentage than consumer-services websites such as Twitter, the Online Trust Alliance says in a report. The federal government is working to improve cybersecurity through steps such as former President Barack Obama's Cybersecurity National Action Plan and President Donald Trump's May 11 executive order focused on improved cybersecurity and stronger infrastructure.