Government
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. ...
GE Pension Sues AIG Over Losses Tied to Bailout
General Electric Co.'s pension trust is suing American International Group Inc. over losses related to the insurer's 2008 government bailout. AIG failed to disclose to investors the risk in its ...
Montpelier Re CEO: Flat Net Written Premiums Likely For Q1
Montpelier Re Insurance Holdings President and CEO Christopher Harris said he expects 2015 first quarter net written premiums to be flat compared to the same period a year ago. The reason: results ...
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, ...
Insurers Face New York Cybersecurity Review After Anthem Attack
New York's Financial Services Department said on Monday it planned to do regular cybersecurity reviews of insurers in the wake of the massive breach at health insurer Anthem Inc. The state agency ...
China-Backed Hackers Suspected in Anthem Cyber Attack
Investigators of Anthem Inc.'s data breach are pursuing evidence that points to Chinese state-sponsored hackers who are stealing personal information from health-care companies for purposes other ...
Europe’s Bond-Buying Program Could Push Insurers Toward Riskier Assets: Analysts
The European Central Bank's bond-buying program may lead insurers to load up on riskier assets at the expense of financial stability, analysts at Sanford C. Bernstein said. Quantitative easing "might ...
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 ...