Privacy for internet of things is generally poor says study
The quick expanding planet of connected devices &ndash the &lsquointernet of things&rsquo &ndash poses a threat to privacy according to a international study by Canada&rsquos Privacy Commissioner.
It located that the privacy communications of internet-connected devices is &ldquogenerally poor&rdquo and fails to inform customers about what individual information is becoming collected and how it is becoming utilized.
&ldquoWith the proliferation of the Internet of Things, the activities, movements, behaviors and preferences of men and women are becoming measured, recorded and analyzed on an increasingly typical basis. As this technologies expands, it is crucial that organizations do a far better job of explaining their individual info handling practices,&rdquo mentioned Commissioner Daniel Therrien.
Included in the sweep, which was undertaken across 25 jurisdictions, the Commissioner&rsquos workplace looked at overall health & wellness devices such as well-known fitness trackers and blood stress monitors.
The aim of the sweep was to raise awareness of privacy troubles and to encourage far better compliance with privacy regulations by organizations utilizing connected technologies.
&ldquoThe Sweep demonstrates the ongoing commitment of privacy enforcement authorities to function with each other to market privacy protection about the planet,&rdquo Commissioner Therrien mentioned. &ldquoPast Sweeps have shown us that education and outreach alone can frequently go a extended way towards effecting constructive alter for privacy.&rdquo
 
Home insurers concentrate on client satisfaction
Home insurers in the US are focusing on client satisfaction as competitive pricing is generally maintaining premiums steady according to a JD Power survey.
Average premiums have remained comparatively continual and in 2016 typical $1,186 for home owners insurance coverage and $259 for renters.
&ldquoInsurers have shifted their competitive concentrate to enhancing communication, procedure efficiency, and becoming less complicated to function with as a way to solidify and develop their organization,&rdquo mentioned Valerie Monet, director of the insurance coverage practice at J.D. Power. &ldquoImprovements in processes and client service advantage absolutely everyone&mdashthe client and the insurer. When competing on value, it&rsquos extremely hard to offer an outstanding client knowledge.&rdquo 
Customer satisfaction metrics for each home owners and renters have shown a 17-point improve in 2016 compared to 2015.
The report highlights the significance of agent and broker interactions but warns that disruptors to the sector will spot even higher significance on client interactions.
&ldquoNew entrants into the market place, such as on-demand insurance coverage, will most likely outcome in shifts in client expectations.
Customer satisfaction is going to be far more critical than ever prior to for competitive position and development,&rdquo mentioned Monet.
 
Tennessee insurance coverage agent loses license for promoting unlicensed securities
A former insurance coverage salesman from Pinson, TN has had his license revoked right after admitting to the fraudulent sale of unlicensed investment securities.
Tennessee Department of Commerce & Insurance also fined Barry Hubert Bynum $three,000 for the sale of $100,000 of &ldquoCertificates of Investment&rdquo by means of an unlicensed broker-dealer organization named Estate Security.
The scheme was uncovered when a single purchaser attempted to money-in the investment and located there was no funds.
 
