Posts by Hometown Insurance
Carmakers Accused in Huge UK Lawsuits of Cheating Diesel Emissions Tests
Some of the world’s biggest carmakers manipulated diesel emissions tests because they “would rather cheat than comply with the law,” lawyers for over 1.6 million claimants told London’s High Court on Monday, at the start of a huge trial. A …
Read More Qantas Says Stolen Customer Data Posted Online After Cyberattack
Qantas Airways Ltd. said customer data stolen during a cyber incident in July has been released online, and that it’s working with security experts and Australian authorities to determine the extent of the exposure. The breach involved 5.7 million records …
Read More UK Sees 50% Spike in Major Cyberattacks as Top Firms Targeted
The UK has seen a significant increase in major cyberattacks by criminals and hostile states over the last year, the country’s cyber security agency said, following a spate of high-profile incidents targeting companies from Jaguar Land Rover to Marks and …
Read More French Banks, Insurers Sell Bonds After Macron’s New Cabinet
French banks and insurers tapped the European market for bonds on Monday, with investor demand holding up for most offerings despite the country’s ongoing political crisis. BPCE SFH sold a €1 billion ($1.2 billion) covered bond, which saw more than …
Read More Fintech and AI Drive London Finance Job Vacancy Growth in Q3, Recruiter Says
A boom at financial technology firms and growing demand to get to grips with artificial intelligence lifted financial sector job vacancy numbers in London in the third-quarter, Morgan McKinley’s London Employment Monitor showed on Monday. Vacancies in the sector rose …
Read More Apple Sued Over Use of Copyrighted Books to Train Apple Intelligence
Apple was hit with a lawsuit in California federal court by a pair of neuroscientists who say that the tech company misused thousands of copyrighted books to train its Apple Intelligence artificial intelligence model. Susana Martinez-Conde and Stephen Macknik, professors …
Read More AI’s Growth Leaves Financial Regulators Struggling to Catch Up
Regulators are still at an “early stage” in their efforts to track the risks posed to the financial system by the rapid adoption of artificial intelligence, global financial watchdogs warned on Oct 10. In a report to the G20, the …
Read More Samsung Hit With $445.5M Jury Verdict Over Wireless Communications Patents
A federal jury in Marshall, Texas found on Oct. 10 that Samsung Electronics owes patent owner Collision Communications nearly $445.5 million in damages for infringing on patents related to 4G, 5G and Wi-Fi communications standards. The jury said that Samsung’s …
Read More Florida, National Groups File Suit Over ‘Anti-Public Adjuster’ Endorsements
At least six property insurers in Florida have opened a new front in their battle against public claims adjusters – policy endorsements that strongly discourage property owners’ use of public adjusters altogether. And the National Association of Public Insurance Adjusters …
Read More Vermont Stops Use of ‘Angi Certified Pro’ Marketing Term
Online platform Angi, formerly known as Angi’s List, has settled with Vermont’s attorney general over concerns about misleading marketing on its online platform, which connects consumers with more than 300 Vermont contractors or service professionals. Attorney General Charity Clark said …
Read More