Claims / Legal
Anthem Will Take Up to Two Weeks to Identify Hacked Customers
Anthem Inc., the second-biggest U.S. health insurer, said it's going to take about 10 to 14 days to figure out who was affected by a data breach and begin notifying those people. The individuals will ...
Cyber Criminals Routinely Strike U.S. Brokerages and Advisers: SEC
U.S. brokerage firms and financial advisers are a routine target of cyber criminals and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S. Securities ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Willis Re Unveils Cybersecurity Risk-Measurement Tool
Reinsurance broker Willis Re on Tuesday launched a tool designed to help insurance companies gauge their portfolios' exposure to cybersecurity risks, the latest effort to develop a growing market ...
S&P Will Pay $1.5B to Settle Suits Over Inflated Subprime Mortgage Bond Ratings
S&P, a unit of McGraw Hill Financial Inc., will pay more than a year's profit to settle suits that it inflated ratings on subprime mortgage bonds at the center of the 2008 financial crisis. ...
Viewpoint: U.S. Cybersecurity Not Possible Without Govt. Participation
Chances are, your company's computers will come under attack sometime soon. The perpetrators may want to steal personal information. They may want trade secrets or intellectual property. They may ...
Uber Internal Review: Privacy Program Needs Improvement
Uber Technologies Inc. should expand its privacy program to improve disclosures, training and employee accountability, according to an internal review that the company commissioned after a ...
Ex-AIG Chairman Greenberg Remains Defiant as Fraud Trial Ramps Up
Ex-American International Group Inc. Chairman Maurice "Hank" Greenberg said New York State's pursuit of him through a decade-old fraud lawsuit is a futile waste of taxpayer money, as the two sides ...
U.S. Currency-Rigging Lawsuit to Proceed Against 12 Big Banks
A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. U.S. District ...