Claims / Legal
U.S. Treasury Security Mnuchin Seeks Answers From Consumer Bureau on Equifax Breach
U.S. Treasury Secretary Steven Mnuchin on Tuesday said he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc after a report that ...
Most Companies’ Cybersecurity Readiness Falls Short: Hiscox Study
There are major shortfalls in the cybersecurity readiness of a large majority of firms—a reality revealed in a new international Hiscox study that reveals both a marketing opportunity and cause for ...
Latest Amtrak Crash Underscores Pending Deadline for Rail Safety System
Only about a quarter of U.S. railroad tracks that carry passenger trains have an anti-crash system that safety officials say could have prevented a fatal weekend crash, even though a year-end ...
Cyber FICO Ratings Could Benefit Insurance Underwriting in Multiple Ways
Nearly 30 years ago the Fair Isaac Corporation ("FICO") first introduced its metric for measuring creditworthiness. Since then, the FICO Score has become a default metric used by countless market ...
XL Catlin Expands New P&B Aviation Insurance Platform With Added Features
XL Catlin has added enhancements to its new P&B aviation insurance platform in a push to give brokers more options. The carrier's VP Bind Speed platform was designed to boost its underwriting ...
Report: CFPB Pulls Back on Equifax Data Breach Probe
Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc failed to protect the personal data of millions of consumers, according to ...
Apple, Cisco, Team With Allianz, Aon to Offer Cyber Policy Discounts
Apple Inc and Cisco Systems Inc have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on ...
A New Hacking Threat Worsens: Fraudulent Instruction
A form of hacking is on the rise that insurers and their clients should be aware of: fraudulent instruction. The latest Beazley Breach Insights report outlines the escalating threat, where a hacker ...