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LIC warns against misleading social media ads exploiting Its brand and logo
''It has come to our attention that certain individuals and/or...
Musk decries Australian court ‘censorship’ of X terror posts
At a hearing overnight, Australia’s Federal Court ordered X,...
SAP and Swiss Re expands its joint co-innovation initiative for financial reporting
Our close partnership with Swiss Re has helped us create an exceptional customer experience across the insurance and financial sectors,” said Luka Mucic, SAP CFO and member of the Executive Board of SAP SE.
US home insurance leader Hippo Insurance raises $100 million
Hippo is building faster, more accurate and more affordable homeowners insurance for today’s customers. The company’s data-driven pricing and real-time underwriting analyzes trusted public data sets, from municipal building records to satellite imagery of physical property characteristics, to develop a more accurate profile of a customer’s property, resulting in qualified customers receiving a comprehensive, tailored and accurate quote in under 60 seconds, and reduced premium costs of up to 25 percent
InsurTech investment buoyant in Q2, 2019:Willis Towers Watson
69 deals with a total value of $1.41 billion were announced in Q2, 2019. The value of investments in property/casualty-focussed firms rose by 283% compared to Q2, 2018, and Life & Health deals by 259%. The number of strategic investments by (re)insurers hit a record high of 36.
U.S. slaps $5 billion fine against Facebook, other privacy settlement terms
“Despite repeated promises to its billions of users worldwide that they could control how personal information is shared Facebook undermined consumers’ choices,” said FTC Chairman Joe Simons, a Republican, in a statement.
Group of German companies – including BASF, Siemens, Roche – hit by cyber attacks
Public broadcaster ARD said the hackers used a type of malware called Winnti, which allows attackers to remotely access a victim’s computer network. ARD said an analysis of the malware code showed which companies were targeted by a group likely working for the Chinese government.
Cost of Norsk Hydro Cyber attack higher than expected at nearly $75 million
The attack is now estimated to have cost 250-300 million crowns [$28.9 million-$34.6 million] in the second quarter, compared with an earlier estimate of 200-250 million crowns [$23.1 million-$28.9 million]. Including the first quarter impact, the total cost of the attack is set to be 550-650 million crowns [$63.5 million-$75.0 million].
Equifax’s $700 million data breach settlement includes $300 million for consumers
Under the settlement, the company will establish a $300 million restitution fund for harmed consumers that could climb to $425 million depending on its use. Consumers eligible for the fund must submit claims showing they were fraud victims or set up credit-monitoring services following the breach
Google to pay $11 million to settle age bias employment claims
The case was brought by a woman who claimed she was interviewed by Google four times over seven years and was never offered employment despite her “highly pertinent qualifications and programming experience” because of her age. Cheryl Fillekes accused the company of “a systematic pattern and practice of discriminating” against older people.
Is Fitbit next best wearable player after Apple in India?
“Fitbit continues to shift its focus from predominantly smartband/trackers to smartwatches and has now evolved as the next best player after Apple in terms of experience and scale. The launch of the Versa smartwatch was the turning point for its smartwatch segment growth,” Satyajit Sinha, Research Analyst, IoT and Mobility, Counterpoint Research, told IANS.
India down 3 Places in mobile, broadband speed: Report
“India is one of the geographically largest and most populated country in the world, meaning a well laid out network that is able to handle high volumes of usage is a key in supporting the internet needs of the Indian market. Despite these challenges in India, further advancements in both 4G and 5G network technology will continue to improve network efficiency,” he said.