Claims / Legal
Smaller Companies Not Embracing Cyber Risk Insurance: Treasury Dept.’s Raskin
While the overall cyber risk insurance market is growing tremendously, larger corporate clients have driven much of the expansion. Smaller companies, on the other hand, have not followed suit, Deputy ...
AAA: Americans Drive Unsafely, Even Though They Know Better
Auto insurers take note: Many Americans are driving while speeding, sleepy and texting. They also run red lights, even though they know better, according to a new survey. In other words many drivers ...
BP Can’t Access $750M Transocean Cover For 2010 BP Spill
BP Plc isn't covered under Transocean Ltd.'s insurance policies for the doomed Macondo well project, the Texas Supreme Court said, blocking the oil company's access to $750 million to pay costs from ...
Hacker Group Stole Up to $1B Since 2013: Computer Security Firm
A hacker group has stolen as much as $1 billion from banks and other financial companies worldwide since 2013 in an "unprecedented cyber-robbery," according to computer security firm Kaspersky Lab. ...
Senator Warns Smart Cars Vulnerable to Hackers
Automakers are adding wireless technologies into vehicles without enough protection to keep hackers from interfering the operation of a car or stealing personal information, according to a report by ...
Obama Plan to Create Anti-Hacker Agency May Worsen Bureaucracy
President Barack Obama's plan to create a new agency to combat hackers may improve information sharing between government and industry, although it adds to a security bureaucracy that some have ...
Anthem Launches Identity-Theft Protection Signup Following Cyber Attack
Anthem Inc said on Wednesday its millions of customers can sign up for free credit monitoring and identity-theft protection services this week following a massive cyber attack involving stolen U.S. ...
New York Payout to Madoff Victims Will Surpass $7.2B
The trustee liquidating Bernard Madoff's firm on Monday said he is distributing another $355.8 million to the swindler's victims, bringing the total payout to more than $7.2 billion. Irving Picard, ...