Internet of Things News

AIG Bets on Workplace Safety Wearables with Investment in Startup HCS

Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more efficient. AIG, which is one of the world’s largest …

VTech Data Breach Highlights Risk in Connected Toys, Internet of Things

U.S. states said they will investigate a massive breach at digital toy maker VTech Holdings Ltd as security experts warned that hackers are likely to target similar companies that handle customer data. Attorneys general in the U.S. states of Connecticut …

App to Alert Drivers About Emergency Vehicles Being Tested in Michigan

Cory Hohs’ idea was inspired by a close call with a Chicago fire truck on his motorcycle, but his new app, which warns drivers to the presence of emergency vehicle traffic, is being tested first in Grand Rapids, Mich. That’s …

Agent, Cyber-Educate Yourself – and Your Clients

A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are a big deal …

IBM to Buy Weather Co.’s Business, Web Properties to Expand Watson

IBM said today it has agreed to acquire The Weather Co.’s business-to-business mobile and cloud-based web properties, including WSI, weather.com, Weather Underground and The Weather Co. brand. IBM will not acquire the TV segment โ€“ The Weather Channel โ€“but the …

Fiat Chrysler Recall Highlights Cyber Risks of Connected Cars, Telematics

Fiat Chrysler will recall 1.4 million vehicles in the United States to install software to prevent hackers from gaining remote control of the engine, steering and other systems in what federal officials said was the first such action of its …

Swiss Re Identifies Top Emerging Risks

De-globalization and political conflict, large natural catastrophes, financial repression and the challenge posed by the “Internet of Things” are some of the risks identified in this year’s “New emerging risk insights” report published by Swiss Re. The publication is based …

Insurers Tracking Fitness: Too Accurate for Comfort?

Someday soon, Big Brother may be watching you. Only his name will be “John Hancock.” The insurer is rolling out a program in the U.S. similar to ones already deployed in other parts of the world, where your life insurer …

IBM’s ‘Internet of Things’ Unit to Offer Insurers Online Data Service, Analysis

IBM is investing $3 billion to build an “Internet of Things” division aimed at harnessing the massive trove of data collected by smartphones, tablets, connected vehicles and appliances and using it to help companies better manage their businesses. IBM estimates …

Policing the ‘Dark Side’ of Internet of Things

The futuristic world of self-driving cars, eyeglasses that e-mail and trash cans that call for pickup is running into the old-fashioned pace of doing business in Washington. Companies from Google Inc. to Bayerische Motoren Werke AG are racing into this …