As the IoT ecosystem continues to grow, so does the importance of securing those IoT networks. According to Gartner, spending on IoT security solutions will reach $631 million by 2021. This is a significant leap from $91 million, which was spent in 2016, and this annual global spending statistic shows that IoT solutions are headed … Read more
California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a meeting with the carrier to get some answers about the carrier’s financial situation and more. State Farm General earlier this month asked the California Department of Insurance to immediately approve interim rate increases, including 22% … Read more
The Court of Justice has been recently presented with some cases where a State aid measure was argued to have (not) infringed EU internal market law and should thus (not) have been authorised by the European Commission. These cases raise the common issue of the Commission’s duty to assess proposed State aid measures for compliance … Read more
New World Development (NWD) on Thursday priced its latest Hong Kong residential project at a substantial discount, as the embattled developer scrambles to generate cash to whittle down HK$123.7 billion (US$15.9 billion) in debt. The company, controlled by the family of tycoon Henry Cheng Kar-shun, priced the first 88 units in State Pavilia – the … Read more
State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases, including 22% average for homeowners. The carrier, the state’s top homeowners insurer, is partly blaming the devastating Los Angeles wildfires for the request. “As of February 1st, State Farm General (Fire only) has received more … Read more
