Amazon is believed to be testing a new, pervasive wireless network in Cupertino, California. According to Bloomberg, which says it has spoken to those close to the project, Amazon has been working with spectrum owned by satellite ...
Tags: google, Amazon, webservice
In the China market, B2C and C2C online shopping totaled CNY754.2 billion (US$122 billion) in first-half 2013, hiking 47.3% on year, according to China e-Business Research Center (CBRC). CBRC estimates the transaction value for the entire ...
Tags: Online Shopping, China Market
Policyholder-owned insurer Privilege Underwriters Reciprocal Exchange (PURE) will offer its customised, comprehensive property and casualty insurance with major coverage options to high-net-worth homeowners in Vermont. Compared to ...
Tags: Insurance, casualty insurance
Suncorp Group has reported a net profit after tax of $491m for the full year 2013, a decrease of 32% compared to $724m last fiscal. The drop in profits is mainly due to $632m loss after tax from resolution of the Non-core Bank. Profit ...
Tags: Suncorp Group, Net Profit
Germany-based reinsurance group Hannover Re is in discussions to acquire a minority stake in Lloyds Banking Group’s German arm, Heidelberger Leben, for approximately €100m ($133.5m). The sale of stake in Heidelberger Leben is ...
Tags: reinsurance, Hannover Re
Accenture, a global management consulting, technology services and outsourcing company, has launched a new software offering, integration accelerator, to help insurers save time and resources as well as reduce implementation costs. The ...
Navigators Management, the environmental division of Navigators Group, has released a new environmental contractor pollution liability policy. Known as Toolkit II, the new policy will provide liability coverage for pollution incidents to ...
Site went offline for about 45 minutes Users of Amazon.com were not able to access the online retailing website on Monday afternoon as the site experienced a brief outage, making it the latest one after Google. During the outage, ...
Tags: Amazon, Brief Outage
Marine insurance provider Fidelis Group Holdings (FGH), through its subsidiary Continental Underwriters, has launched a new inland marine division. Based at FGH's New York office, the new division will be underwritten through the ...
Tags: Fidelis Group
Law firm Ryan & Maniskas has filed a class action lawsuit against officers and directors of Meadowbrook Insurance Group (MIG) for violation of the Securities Exchange Act of 1934. The lawsuit, filed in the US District Court for the ...
US-based National Mortgage Insurance Corporation (National MI) has completed systems integration with Fiserv’s LoanServ platform to streamline data transfer and to enhance operational efficiency. The platform will assist lenders, ...
Tags: LoanServ, Data Transfer
Allianz Life Insurance Company of North America (Allianz Life) has launched two enhanced index allocations, namely Barclays US Dynamic Balance Index, and Russell 2000 Index. The allocations, which offer additional choices for retirement ...
Tags: Life Insurance, Index Allocations
The California Department of Insurance and other state insurance regulators have signed a settlement agreement with ING over its improper use of the Social Security Administration's Death Master database. In order to settle the charges, ...
Tags: Insurance, Department of Insurance
Bermuda-based global diversified insurance and reinsurance holding company Tower Group International (TWGP) has terminated its agreement to acquire American Safety Reinsurance (ASRe), from Fairfax Financial. Without disclosing reasons for ...
Tags: Tower Group, diversified insurance
UK insurance provider Aequitas Automotive has rolled out a new Tyre insurance product on Shortfall.co.uk, which will provide financial protection for owners in the event of an accidental or malicious damage to vehicle tyres. The new ...
Tags: insurance, Aequitas Automotive