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an hour ago
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Urgent product recall on popular $16 Best & Less item: 'Risk of choking'
Best & Less has issued a product recall on a popular children's item due to the risk of serious injury or death from choking. Toddler Light Up Clogs, which are a budget-friendly dupe of Crocs, have been recalled following an incident involving the battery. The shoes are available in both pink with a star light and khaki with a dinosaur light. They are sold in store and online for $16 and have a five-star rating on Best & Less's website. ACCC has reported that the product may not comply with the mandatory standards for products containing button/coin batteries. The light component can detach from the shoe and release small parts, including the battery. RELATED: Urgent product recall on milk sold at Coles, Woolworths, Aldi: 'Severe illness' Coles issues product recall on popular $12 snack due to mould contamination Fisher Price issues product recall on popular toy due to risk of injury or death There is a risk of choking, internal burn injuries or death for children if they swallow button/coin batteries or put them inside their body. Severe or fatal injuries can happen in two hours or less. Consumers who have purchased the Toddler Light Up Clogs are advised to immediately stop using the product and keep it out of reach of children. Shoppers should return the product to any Best & Less store for a full refund, and contact Best & Less via email at customerservice@ or call 1300 135 766 for further information. SHOP: 💅 Aussie company making beauty more accessible and less of a burden ☀️ Tax laws to burn Aussies on summer essential: 'Many of us struggle' 🧽 Aussie mum's $6 solution to most hated household chore: 'Incredible' This comes shortly after the TGA issued a recall on a popular baby product sold at Chemist Warehouse, Priceline and Harris Farm Markets following a shocking discovery that may cause choking or internal injury. Weleda Australia Pty Ltd is recalling one batch of Weleda Baby Teething Oral Powder after a fragment of glass was found in one bottle. A packaging process fault may have resulted in glass fragments appearing in other 60g bottles from the same batch, (B)231302, which has the expiry date 11/2026. No other batches are affected by this recall.
Yahoo
5 hours ago
- Yahoo
Best's Market Segment Report: AM Best Maintains Stable Outlook on South Korea's Non-Life Insurance Market
HONG KONG, June 04, 2025--(BUSINESS WIRE)--AM Best has maintained its stable outlook on South Korea's non-life insurance segment, noting a continued refinement of the country's domestic solvency standards that have helped strengthen insurers' capital management. Additional factors include moderate growth in the long-term and general insurance segments, and efforts to improve profitability in the former as well as in investment strategies. However, AM Best notes an offsetting factor of slow growth prospects and weakened underwriting profitability in South Korea's auto insurance segment. According to the Best's Market Segment Report, "Market Segment Outlook: South Korea Non-Life Insurance," the country's non-life insurance industry is facing capital pressure with increasing insurance liabilities, following the Financial Supervisory Service's (FSS) push for more realistic actuarial assumptions and a phased plan to cut discount rates until 2027, which are intended to improve credibility and comparability of insurers' financials. "These ongoing regulatory changes, coupled with a decreasing trend in domestic interest rates, are expected to pose a considerable burden on insurers' solvency, especially those with relatively weaker capital positions," said Seokjae Lee, senior financial analyst, AM Best. "However, AM Best expects these changes will promote economic value-based capital management for insurers to maintain sound capital adequacy across the industry." Over the next 12 months, AM Best expects the industry to experience moderate growth with heightened emphasis on profitability management of long-term insurance following a few years of intensified market competition and with a focus on mitigating increasing solvency pressures. According to the report, the auto insurance segment has experienced a slowdown in its premium growth in recent years, owing to sluggish vehicle registrations and cumulative premium rate cuts to support the consumer economy. A notable trend is a high and increasing market concentration among large insurers. "With the fast-growing online auto insurance market, large insurers are more likely to maintain premium growth as they benefit from factors such as economies of scale, strong marketing capability and digital infrastructure," said Chanyoung Lee, director, AM Best. To access the full copy of this market segment report, please visit AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Seokjae LeeSenior Financial Analyst +852 2827 3407 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Chanyoung Lee Director, Analytics +852 2827 3404 Cynthia Ang Senior Industry Research Analyst +65 6303 5026
Yahoo
6 hours ago
- Yahoo
‘Dirty Jobs' Host Mike Rowe Sues Discovery Over Denying Streaming Royalties
Warner Bros. Discovery has been sued by Dirty Jobs host Mike Rowe, who alleges that the network is refusing to pay him certain streaming royalties and is misinterpreting his deal to shortchange him on other payments. Rowe, in a lawsuit filed on Tuesday in New York federal court, claims he hasn't seen some payments when the show was licensed to multiprogram distributors, like DirectTV and YouTubeTV, in violation of his deal. More from The Hollywood Reporter Bank of America Still Sees Upside In a Warner Bros. Discovery Split Warner Bros. Discovery Credit Rating Cut to Junk Bond Status on Linear TV's Decline John Oliver Slams the "Genius" Who Keeps Changing HBO Max's Name, Admonishes Parent Company Exec for Anticipating His "Hot Take" Dirty Jobs, which was nominated for three Emmys, had an eight season-long run on Discovery, with the network rebooting the series in 2022. In deals struck in 2008 and 2011, Lab Rat, Rowe's production banner, secured ratings bonuses for linear airings of the show on Discovery-owned networks, a say in certain areas of distribution and the right to share in profits from various third party deals, according to the complaint. Tuesday's lawsuit isn't the first time the two sides clashed over payments. In 2015, Rowe conducted an audit that led to a five-year mediation. The result was a settlement and new participation agreement that, among other things, compensated him for airings of the show on streaming platforms on top of the provisions he secured in prior deals. This dispute revolves around the licensing of Dirty Jobs as video-on-demand content to third parties that carry Discovery's linear feed, which include Hulu + LiveTV, DirectTv and YouTubeTV. Rowe says that he hasn't seen payments for such deals, of which he's entitled to half of adjusted gross revenues. Contrary to the network's position that 'video-on-demand airings of Dirty Jobs on a multiprogram distributor or virtual multiprogram distributor are part of a [Discovery] linear service, the unambiguous definition' of the terms 'does not include on-demand access,' writes Randall Rasey, a lawyer for Rowe, in the complaint. The lawsuit also takes issue with the network calculating royalties for licensures of the show to Max and Discovery+ based on minutes viewed. 'Not only is this recently concocted interpretation by Discovery inconsistent with the Agreement, but Discovery has never accounted for such video-on-demand viewings,' states the complaint. In a statement, a Discovery Network spokesperson said, 'We value our long-standing relationship with Rowe and have fulfilled our contractual obligations for royalty payments. We dispute the allegations and will defend ourselves against these claims.' Best of The Hollywood Reporter How the Warner Brothers Got Their Film Business Started Meet the World Builders: Hollywood's Top Physical Production Executives of 2023 Men in Blazers, Hollywood's Favorite Soccer Podcast, Aims for a Global Empire
