Facebook Inc. said information on most of its 2 billion users could have been accessed improperly, giving fresh evidence of the ways the social-media giant failed to protect people’s privacy while generating billions of dollars in revenue from the information. …
This week’s Lowdown highlights the concerns of insurance CEOs, as reported by PwC in their 21st CEO Survey. According to the study, there remains a great deal of angst around technology but industry leaders joined in a huge sigh of …
Alliant Insurance Services Inc. has acquired Dumortier Risk Management Inc., a Los Angeles, Calif.-based insurance brokerage firm that specializes in hospitality risk management. Terms of the deal were not disclosed. Chris Chang, president of Dumortier, joins Alliant as an executive …
Alera Group has acquired Rich & Cartmill Insurance of Colorado. Terms of the deal were not disclosed. Rich & Cartmill offers services including property insurance, general liability, commercial auto and workers’ compensation. The firm adopted the new name “Professional Risk, …
Texas-based ITC, a provider of websites, agency marketing, comparative rating and management software and services, announced today that it has received a majority equity investment from Accel-KKR, a technology-focused private equity firm. The new partnership will provide resources and capital …
A contract worker has pleaded guilty to violating the federal Clean Water Act in connection with a deadly oil platform explosion off Louisiana’s coast. Prosecutors said in court documents that Don Moss, of Groves. Texas, was among personnel who failed …
A sports bar in Rowlett, Texas will pay a $24,000 penalty for not allowing a pregnant bartender to wear capri pants and a long top instead of hot pants and tight shirt, federal officials say. In addition to the fine, …
One of the designers of a massive Kansas water park slide that decapitated a 10-year-old boy has been arrested in Texas, federal authorities said. Trent Touchstone, chief deputy with the U.S. Marshals Service in Dallas, said 72-year-old John Timothy Schooley …
Iowa will allow people to buy a cheaper form of health insurance that skirts Affordable Care Act rules, under legislation signed into law by the state’s Republican governor. The law will allow Iowa’s Farm Bureau to partner with a designated …
Minnesota-based Polaris Industries will pay a more than $27 million civil penalty to settle two 2016 late-reporting claims involving defective recreational vehicles. The Consumer Product Safety Commission said the settlement involves models of Polaris’ RZR and Ranger recreational off-road vehicles …
