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Equifax Slapped with $658,000 Fine for Privacy Lapses After UK Cyber Attack
Credit reporting company Equifax Inc. was slapped with a maximum 500,000 pound ($658,000) fine by the U.K.’s privacy watchdog for failing to protect the personal information of as many as 15 million British citizens during a cyber attack on its …

POSTED SEPTEMBER 20, 2018 6:06 AM
Ayala Joins Alliant Employee Benefits Group in Oklahoma City
Alliant Insurance Services has added Brady Ayala as senior vice president in its Employee Benefits Group in Oklahoma City. Ayala will service a growing portfolio of regional clients, deploying a full range of benefits consulting solutions focused on strengthening operations …

POSTED SEPTEMBER 20, 2018 5:46 AM
Banks and Insurers Have Improved Their Cyber Defenses
Despite the volume of cyberattacks doubling in 2017, banks and insurance firm firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year. According to a study by Accenture, financial services firms …

POSTED SEPTEMBER 20, 2018 5:00 AM
U.S. Home Price Appreciation in Highest-Risk Areas Outpaced Overall Rate Over Last Decade
Natural hazards are good at grabbing headlines, but they aren’t as good as dissuading people from buying homes in high-risk areas, a new report shows. Median home prices in areas that are in the top 80 percentile for risk of …

POSTED SEPTEMBER 20, 2018 5:00 AM
Assurant Invests in Connected Car Services Startup
Niche market specialty insurer Assurant has invested in a technology startup focused on connected car services. The New York-based company declined to disclose the level of investment in Mojio, a technology platform and software-as-a-service (SaaS) provider with offices in Silicon …

POSTED SEPTEMBER 20, 2018 5:00 AM
Government Ends Criminal Case Over GM Handling of Ignition Switch Defect
A federal judge in New York on Wednesday dismissed a criminal case brought against General Motors Co. in 2015 over the largest U.S. automaker’s handling of an ignition-switch defect linked to 124 deaths. U.S. District Judge Alison Nathan approved a …

POSTED SEPTEMBER 20, 2018 5:00 AM
Florida Appeals Court Deals Insurers a Win in AOB Fight with Policy Language Ruling
In a significant turn of events in the insurance industry’s fight against Florida assignment of benefits (AOB) abuse, Florida’s Fourth District Court of Appeal (DCA) has ruled that an insurer’s anti-assignment provision was not prohibited. But the battle isn’t over …

POSTED SEPTEMBER 20, 2018 4:37 AM
Alera Group Acquires Champion Benefits of Atlanta
Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired Champion Benefits of Atlanta. The company provides integrated, strategic benefit plans for clients with a fully integrated team including healthcare consultants, pharmacists, nurses, …

POSTED SEPTEMBER 20, 2018 4:32 AM
OSHA Fines Contractors $86K Over Miami Bridge Collapse
Contractors that worked on the bridge near a Florida university that collapsed, killing six people, have been fined more than $86,000 for workplace violations. The Miami Herald reported Tuesday that the Occupational Safety and Health Administration issued the fines for …

POSTED SEPTEMBER 20, 2018 4:24 AM
West Virginia Spared Worst of Florence Rains, Floods
Worried West Virginians got a reprieve when forecasts of potential devastating floods didn’t come to fruition from the remnants of Hurricane Florence. The storm brought 1 to 2 inches (2.5 to 5 centimeters) of rain in most parts of the …

POSTED SEPTEMBER 20, 2018 4:20 AM

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