28 04, 2021

Officials Say New York School District Hit by Cyber Attack

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An Albany, New York-area school district is investigating a malware attack that forced students in grades 7 through 12 into all-remote learning on Monday, district officials announced. Officials at the Guilderland Central School District said on the district’s website that …

27 04, 2021

Bankers Call for More ‘Bang’ to Boost London’s Competitiveness

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LONDON — Shortly after Britain left the European Union, finance minister Rishi Sunak pledged a series of measures he dubbed “Big Bang 2.0” to ensure the City of London remained one of the world’s top financial centers. Four months on, …

28 04, 2021

Alera Group Acquires New Jersey’s Duryea Agency

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Alera Group, a financial services and risk management company, has acquired Duryea Agency, an insurance agency providing personal insurance and business insurance for clients across New Jersey and beyond. Duryea Agency is a New Jersey-based insurance agency that offers products, …

28 04, 2021

SEC Eyes Guidance on SPAC Projections, Clarity on Liability Shield

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U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when they qualify for certain legal protections, according to three people with knowledge of the discussions. The previously unreported measures being …

28 04, 2021

Security Firm ADT Accuses Rival Ring of Trademark Infringement Over Blue Signage

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Long-time home security firm ADT is suing rival upstart Ring alleging the newcomer is violating its trademarks by using signage that is very similar to the blue octagon logo that ADT has used for decades. In using the similarly colored …

28 04, 2021

Insuring Cyber Podcast: Social Engineering Risks Rising, but Cyber Coverage Still Lacks

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The COVID-19 pandemic has upended the work environment in many ways, and cyber experts say one unfortunate result of the switch to remote work is an increase in cyber crime, particularly around social engineering threats. “The bottom line here is …

28 04, 2021

UK Is First Country to Green Light Self-Driving Cars on Motorways

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The UK government on Wednesday became the first country to announce it will regulate the use of self-driving vehicles at slow speeds on motorways, with the first such cars possibly appearing on public roads as soon as this year. Britain’s …

28 04, 2021

IMA Financial Group Acquires California’s Bolton

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Denver-based insurance brokerage IMA Financial Group said it is expanding to California by acquiring Bolton & Co. in a transaction effective May 1, 2021. The combined brokerage firm will employ 1,200 associates and generate annualized revenues of more than $300 …

28 04, 2021

Insurers, Other Financial Firms Lag in Climate Disclosure for Investors

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The world’s banks, asset managers and insurers should provide more information to investors about the greenhouse gas emissions from the activities they finance, a group that tracks emissions data said on Wednesday. CDP, which maintains a system used by hundreds …

28 04, 2021

3-Month TD Bank Trial in $4.5B Stanford Ponzi Scheme Closes

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TORONTO — The three-month trial of a lawsuit against Toronto-Dominion Bank, in which the liquidators of the collapsed Antigua bank of former Texas financier Robert Allen Stanford are seeking $4.5 billion in damages, is expected to end on Wednesday. A …