Flaws in Smart Home Devices May Mean False Sense of Security May 8, 2019 Researchers at North Carolina State University have identified design flaws in “smart home” Internet-of-Things devices that allow third parties to...
Hackers Steal 7,000 Bitcoins Worth $40M from Cryptocurrency Exchange Binance May 8, 2019 By Eric Lam Binance, one of the world’s largest cryptocurrency exchanges, said hackers withdrew 7,000 Bitcoins worth about $40 million via a single...
Mining Giant BHP Faces $5B Damages Claim over 2015 Brazil Dam Disaster May 8, 2019 By Kirstin Ridley and Barbara Lewis Anglo-Australian mining giant BHP is facing a landmark, $5.0 billion damages claim in England for being “woefully negligent” in the...
VW’s Porsche Unit to Pay $599M to End German Probe into Rigged Diesel Engines May 8, 2019 By Karin Matussek and Christoph Rauwald Volkswagen AG’s Porsche sportscar unit agreed to pay 535 million euros ($599 million) to end a probe into rigged diesel...
Singapore Ride-Hailing Firm Grab Eyes Spin-Off of Financial Services Unit: Sources May 8, 2019 By Anshuman Daga and Kane Wu Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial...
Hub International Acquires Canada’s Clarity Benefits Group May 8, 2019 Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired the assets of Clarity Benefits Group Inc. Terms...
Bailey Named Surety Underwriting Manager at Iowa’s UFG Insurance May 8, 2019 Cedar Rapids, Iowa-based UFG Insurance has hired Scott Bailey as surety underwriting manager. He will succeed current surety underwriting manager,...
Iowa Court: No Claim for Workers’ Comp Insurer’s Failure to Inspect Workplace May 8, 2019 By Stephanie K. Jones Iowa’s high court has ruled in favor of a workers’ compensation insurer in a case in which a group of...
The Next Insurance Battleground: High-Value Customers May 8, 2019 By Tom Super Competition is tightening across the P&C insurance market. With just 2 percent of new consumers entering the personal lines auto...
The Hilb Group Acquires Summit Insurance Services of West Virginia May 8, 2019 The Hilb Group, LLC has acquired Summit Insurance Services, LLC (SIS), the insurance operations of Summit Financial Group, Inc. of...