Technology, Internet News

Zurich Launches Web Site on Technology Risks

Zurich North America launched a distributor-focused Web site (www.techinsurance.zurichna.com) to serve as a central source for the news, information and educational resources about technology risks. The user-friendly navigation enables distributors to access resources and tools they need to advise customers …

Oracle to Buy Another Insurance Software Maker: Skywire

California-based software giant Oracle is further expanding its stake in the insurance industry by agreeing to acquire the insurance software and document management business of Skywire Software. Skywire Software’s insurance software helps insurers manage the life cycle of an insurance …

AMS Parent Vertafore to Acquire Licensing, Compliance Vendor Sircon

Vertafore, Inc., a provider of software and services to the insurance industry including AMS Services, has agreed to acquire licensing and compliance software maker Sircon Corp. Michigan-based Sircon serves carriers, agencies and brokers, education providers and state regulators through online …

Privacy Lawsuits Against Maine Grocer Consolidated by Federal Court

More than 20 lawsuits stemming from a massive security breach of Hannaford Bros. Co.’s computer system have been consolidated and assigned to a federal court in Maine. The case will be heard by U.S. District Judge D. Brock Hornby in …

HSB Offers Data Compromise Coverage for Small to Mid-Size Firms

The Hartford Steam Boiler Inspection and Insurance Co. has a new data compromise insurance coverage that helps businesses respond to data breaches by covering the cost of client notifications and supplying services such as credit monitoring and identity restoration for …

RI3K Receives 3 ACORD Awards

RI3K, the London-based trading platform for reinsurance and commercial risks that is changing the face of the Lloyd’s market, has seen its breakthrough efforts rewarded. Following last year’s unprecedented six ACORD Awards, RI3K recently picked up three additional trophies. RI3K …

Oracle Buy of AdminServer Seen Triggering Insurance Tech Mergers

Software maker Oracle said it has agreed to acquire AdminServer, a Chester, Pa.-based provider of insurance policy administration software. The move has some analysts predicting a wave of mergers among technology firms serving the insurance market. Oracle said AdminServer’s product …

ACE Launches DataGuard plus for UK Business

The ACE European Group announced the launch of Dataguard plus, an insurance solution for UK businesses which fully reflects the diversity of risks associated with e-commerce and the Internet. ACE said the Dataguard plus policies provide “coverage for both first …

Credit Card Data Stolen from U.S. Supermarket Chain

A computer hacker stole thousands of credit card numbers after breaching security at two U.S. grocery store chains owned by Belgium-based Delhaize Group SA , the companies said Monday. Nearly 2,000 cases of fraud have been linked to the breach, …

Craigslist Web Site Not Liable for Illegal Ads, Federal Court Says

Craigslist is not liable for discriminatory housing ads posted on its Web site, a federal appeals court has ruled. The decision is a victory for the Internet bulletin board where every month more than 30 million people post offers to …