News Archives - Insurance Journal

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7 11, 2023

Palo Alto Acquires Israeli Cyber Startup Talon in M&A Push

By | November 7th, 2023|Uncategorized|Comments Off on Palo Alto Acquires Israeli Cyber Startup Talon in M&A Push

Palo Alto Networks Inc. agreed to buy Talon Cyber Security Ltd., marking the second acquisition of an Israeli peer within a week. The deal is valued at about $625 million, according to a person familiar with the plans who asked …

7 11, 2023

Microsoft Vows to Revamp Security Products After Repeated Hacks

By | November 7th, 2023|Uncategorized|Comments Off on Microsoft Vows to Revamp Security Products After Repeated Hacks

Microsoft Corp., battered for its role in several major hacks, said it’s revamping the way it provides cybersecurity protection, using artificial intelligence and other methods to speed the company’s response to vulnerabilities and better protect customers. In a blog post, …

7 11, 2023

Nike Sues New Balance, Skechers for Patent Infringement Over Sneaker Tech

By | November 7th, 2023|Uncategorized|Comments Off on Nike Sues New Balance, Skechers for Patent Infringement Over Sneaker Tech

Footwear giant Nike filed federal lawsuits on Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike’s technology for making upper portions of sneakers. The lawsuits said that several New Balance athletic shoes and Skechers …

7 11, 2023

Siemens, Ericsson Warn Proposed EU Cybersecurity Rules May Disrupt Supply Chains

By | November 7th, 2023|Uncategorized|Comments Off on Siemens, Ericsson Warn Proposed EU Cybersecurity Rules May Disrupt Supply Chains

Electronics makers Siemens, Ericsson and Schneider Electric, along with industry group DigitalEurope warned on Monday that onerous proposed EU rules targeting cybersecurity risks of smart devices could disrupt supply chains on a scale similar to during the pandemic. Proposed by …

7 11, 2023

Right Turn on Red? With Pedestrian Deaths Rising, US Cities Are Considering Bans

By | November 7th, 2023|Uncategorized|Comments Off on Right Turn on Red? With Pedestrian Deaths Rising, US Cities Are Considering Bans

Sophee Langerman was on her way to a bicycle safety rally in Chicago’s Lakeview neighborhood in June when a car turning right rolled through a red light and slammed into her bike, which she was walking off the curb and …

27 10, 2023

Auto Claims Satisfaction Scores Are Up Despite Longer Repairs; Amica Tops List

By | October 27th, 2023|Uncategorized|Comments Off on Auto Claims Satisfaction Scores Are Up Despite Longer Repairs; Amica Tops List

An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022 and more than double …

27 10, 2023

IICF Celebrates Week of Giving

By | October 27th, 2023|Uncategorized|Comments Off on IICF Celebrates Week of Giving

The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, hosted the annual IICF Week of Giving, a celebration of the insurance industry’s year-round dedication to volunteerism, from October 14–21. According to a press …

27 10, 2023

Ant-Backed Rural Lendera and Micro-Insurance Firm, Chongho, Eyes $500M HK IPO

By | October 27th, 2023|Uncategorized|Comments Off on Ant-Backed Rural Lendera and Micro-Insurance Firm, Chongho, Eyes $500M HK IPO

Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses, is considering a Hong Kong initial public offering that could raise as much as $500 million, according to people familiar with the …

27 10, 2023

Crypto Firms Are Failing to Spell Out Risks to Consumers: UK Watchdog

By | October 27th, 2023|Uncategorized|Comments Off on Crypto Firms Are Failing to Spell Out Risks to Consumers: UK Watchdog

Britain’s financial watchdog said on Wednesday that firms marketing cryptoassets are failing to highlight risks properly to consumers, such as by publishing warnings that are too hard to read. Britain’s Financial Conduct Authority had new powers from Oct. 8 to …

27 10, 2023

Markets/Coverages: Liberty Launches National Private Client Practice Group

By | October 27th, 2023|Uncategorized|Comments Off on Markets/Coverages: Liberty Launches National Private Client Practice Group

The Liberty Company Insurance Brokers announced its National Private Client Practice Group, spearheaded by Liberty Partner Steve Rivera. With over two decades of experience in insurance, Rivera, a former executive at Momentous Insurance Brokerage, Inc., now a Marsh McLennan Agency, …