Verizon News

Italy Car Insurance Tech Firm, Octo Telematics, Weighs Sale or IPO: Sources

Octo Telematics SpA, the Italian car insurance-technology company, is pursuing an outright sale alongside preparations for an initial public offering, according to people with knowledge of the matter. Octo, owned by Russia’s Renova Group, is working with advisers to seek …

Univ. of Minnesota Sues U.S. Wireless Carriers Over Patents

The University of Minnesota sued the four largest wireless carriers in the United States over alleged patent infringement. Complaints filed in U.S. District Court in Minnesota contend that AT&T, Sprint, T-Mobile and Verizon are illegally using technology developed by a …

Verizon Sets Up Captive Insurer in N.J.; State Now Has 4 Captives

New Jersey officials announced this week that the state approved a captive insurance company for telecommunications services giant Verizon Communications Inc. The new captive, called Exchange Indemnity Company New Jersey (EICNJ), is a subsidiary of Verizon and the first captive …

As Consumer Power Goes Viral, Risk of Reputational Damage Grows

Corporate America’s worst nightmare lives in a tiny one-bedroom apartment, loves browsing in flea markets and has a lop-eared brown and white pet rabbit named Crackers. Meet Molly Katchpole. The 22-year-old Washington, D.C. resident has recently tangled with a couple …