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News – Insurance Journal

Insurer Liberty Faces Scrutiny from South Africa Regulator over Cyber Attack
Insurer Liberty Holdings faced questions from South Africa’s Information Regulator on Monday, a day after the company said it had become the victim of a cyber attack. The regulator said it was concerned about the data breach and wanted to …

POSTED JUNE 19, 2018 11:11 AM
Young Consumers Willing to Let Insurers Spy on Digital Data – If It Cuts Premiums
The majority of people between 18 and 34 would be willing to let insurance companies dig through their digital data from social media to health devices if it meant lowering their premiums, a survey shows. In the younger group, 62 …

POSTED JUNE 19, 2018 10:27 AM
KPMG’s Audit Work Is of `Unacceptable Standard:’ UK Regulator
KPMG’s audit work in the U.K. is of an unacceptable standard, Britain’s accounting regulator said, fueling calls to reform the industry, including dismantling the “Big Four” players. In an unprecedented assessment, the Financial Reporting Council said auditors at KPMG don’t …

POSTED JUNE 19, 2018 10:13 AM
Kansas Woman Says City Wants $132K After Son Topples Sculpture
A Kansas mother says an insurance company wants her family to pay $132,000 after her 5-year-old son accidentally knocked over a sculpture at a city community center. Sarah Goodman tells the Kansas City Star the incident happened last month at …

POSTED JUNE 19, 2018 6:36 AM
Missouri’s GM Peters Agency Joins Agency Partnership, CAA
Combined Agents of America (CAA) is expanding its presence in Missouri with the addition of GM Peters Agency, based in Liberty, Missouri. Current owners Shane Davolt and Peggy Marrs acquired the agency in 1999, however, GM Peters has been serving …

POSTED JUNE 19, 2018 6:34 AM
Maximum Builds Texas Property Team with Addition of Lally
Insurance wholesale broker Maximum has added Bill Lally to its property team in Texas. He will be based in Houston. With previous experience as a property broker and several years spent developing a property underwriting expertise at Axis Insurance, Lally …

POSTED JUNE 19, 2018 6:27 AM
Baseball Pitch Tracking Graphics Caught in Patent Brawl
The virtual strike zone has been a feature of televised baseball games for almost two decades. The graphical overlay shows viewers in real time whether a pitch is too high, too low, or just nicks the corner with a backdoor …

POSTED JUNE 19, 2018 5:00 AM
Fujifilm Sues Xerox for Failed Merger, Citing Lack of ‘Shareholder Democracy’
Fujifilm Holdings Corp. sued Xerox Corp. on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger. In a complaint …

POSTED JUNE 19, 2018 5:00 AM
Tesla Severance Agreement Seeks Worker Safety Complaints
Language in a confidential severance agreement Tesla Inc. is using as part of the biggest job cut in its history is likely to deter dismissed employees from going public with worker safety concerns, according to employment-law experts. A proposed severance …

POSTED JUNE 19, 2018 5:00 AM
New HomeProtect Water Damage Program Reimburses Homeowners Insurance Deductible
Flo Technologies, Inc., provider of leak prevention systems to prevent water damage in homes, has launched a reimbursement program called HomeProtect that will pay back homeowners for their insurance deductibles up to $2,500 per year if their Flo-equipped home suffers …

POSTED JUNE 19, 2018 4:59 AM

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