The Oregon Department of Human Services says that a data breach may have exposed the personal information of the 1.6 million residents the department serves. The department said on Thursday it isn’t sure exactly how many people had their information …
This writing presents a framework that if adopted by insurance agencies and carriers could simplify and minimize the cost of complying with the New York Department of Finance Regulation 23 NYCRR Section 500.11 “Third-Party Service Provider Security” while simultaneously deploying …
The Pennsylvania attorney general’s office charged the co-founder and former executives of an addiction treatment firm and accused them of profiting off addicts by fraudulently billing insurance companies for tens of millions of dollars, with seeming little regard for the …
The U.S. Supreme Court reinforced the Securities and Exchange Commission’s powers, upholding sanctions against an investment banker found to have duped investors about a startup company’s financial condition. The justices, voting 6-2, said Francis V. Lorenzo, who worked at Charles …
Coface, a global credit insurer, has appointed Paul C. Haigley III as its vice president of broker and financial institutions relationship management in the U.S., based in the firm’s Maryland office. In this new role, Haigley will be leading a …
U.S. motorists appear to forgetting one of the earliest lessons of car ownership: Don’t leave the keys in the car. The National Insurance Crime Bureau reports that the number of vehicles stolen because drivers left their keys or fobs in …
Liberty Mutual has named Kelly B. Proctor as branch executive in the Mid-Atlantic region, serving Maryland, Washington, D.C., and Virginia. In this role, Proctor will partner with key brokers in her territory to provide a range of commercial and specialty …
Lloyd’s of London will publicly name and shame anyone it bans from its insurance market for sexual harassment, according to Chief Executive Officer John Neal. “When we do see instances of bad behavior, and let’s hope they are infrequent, we …
Cyber attacks on financial institutions are increasingly being linked to nation-states, resulting in destructive and disruptive damages rather than just theft, according to a report by the Carnegie Endowment for International Peace. Out of 94 cases of cyber attacks reported …
U.S. regulators plan to revamp rules governing how medicines are manufactured, in an effort to ensure the safety of the nation’s drug supply as recalls of contaminated imports from developing countries widen. “We’ve seen a lot of instances of adulterated …
