International News

Honda Audit Reveals Takata Engineers Manipulated Airbag Test Data

Takata Corp., the airbag supplier behind the industry’s largest ever recall, routinely manipulated results of airbag inflator tests reported to Honda Motor Co., according to an ongoing audit commissioned by the parts maker and its biggest customer. Takata engineers removed …

Business News: DRN, Vale Consulting Services, AIR Worldwide

DRN Offers Vehicle Search Feature to Carriers Texas-based Digital Recognition Network (DRN), a provider of vehicle location data and insights, now enables access of over 4 billion vehicle sightings. Through Event Links, insurance carriers can access the pictures functionality, for …

Texas Storms Drive Up Catastrophe Losses in First Six Months of 2016

Economic losses caused by natural catastrophes in the first half of 2016 totaled $17 billion as compared to 2015 losses totaling $12 billion. The total includes insured losses of $11 billion as compared to $ 8 billion the prior year. …

Northern Alberta Wildfire Costliest Insured Natural Disaster in Canadian History

The insured property damage from the May 2016 northern Alberta wildfire is estimated to be $3.58 billion, according to Catastrophe Indices and Quantification Inc. (CatIQ) and the Insurance Bureau of Canada (IBC). It is by far the costliest insured natural …

Japan Woman Injured by Airbag Settles With Takata

A woman injured by a faulty Takata Corp. airbag has settled her case and withdrawn her complaint, Japanese media reported Wednesday. The case was filed May and was the first in Japan related to the unfolding massive global recall due …

Recovery Continues a Year After Taiwan Water Park Explosion

A year ago and far away from his hometown in New Hampshire, Alex Haas was fighting for his life after suffering burns to over 90 percent of his body at a water park party in Taiwan. A flammable, colored powder …

China, US, EU Pledge Tighter Product Safety Controls in E-Commerce

U.S., European and Chinese regulators said Wednesday they will jointly enforce product safety in online commerce, and an American official said they are making progress on crafting standards for hoverboards. The statement by American, European Union and Chinese officials reflects …

Rebuilding Aids Canada Town Scorched by Wildfires

After shuttering his lumber mill for nearly a month when it was surrounded by raging fires in northern Alberta, Northland Forest Products Ltd. President Howard Ewashko sees a silver lining: a pickup in business from rebuilding what was lost. “It …

Earth Breaks Heat Record, Though Slowdown Seen

Earth sizzled to its 13th straight month of record heat in May, but it wasn’t quite as much of an over-the-top scorcher as previous months, federal scientists say. Record May heat, from Alaska to India and especially in the oceans, …

May Global Disasters Result in $5B in Claims

Global disasters lead to at least $7 billion in claims as insurers aid the recovery process following May wildfires, floods and storms, according to the latest Impact Forecasting report. Aon Benfield’s catastrophe model development team released the latest edition of …

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