Cyber Risk News

Willis Forms ‘Strategic Alliance’ with British Retail Consortium for Insurance

The British Retail Consortium (BRC), the leading trade organization for UK retailers, and Willis Limited, the UK arm of Willis Group Holdings, jointly announced the formation of a “strategic alliance that offers a range of bespoke insurance services to BRC …

TJX Reaches Settlement with States on Data Theft

The parent company of retailers T.J. Maxx and Marshall’s will pay $9.75 million in a settlement with multiple states related to a massive data theft that exposed tens of millions of payment card numbers. Framingham, Mass.-based TJX Cos. said Tuesday …

Veterans Denied Damages from Government Computer Breach

Two Vietnam veterans are not entitled to damages from a 2007 Department of Veterans Affairs computer security breach in Birmingham, Ala., a federal appeals court panel in Georgia has ruled. Jim Henry Perkins and Jessie Frank Qualls had to prove …

Officials Looking to Catch Few Bad Apples Among P/C Insurance Agents

Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been on the rise– and they are on the alert for any jump in fraud by property/casualty agents and brokers. These days …

Pressure Is On to Catch a Few Bad Apples

Fraud Investigators on Alert to Prevent Property/Casualty Agent Abuses from Spreading Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been on the rise — and they are on the alert …

Agents Can Help Fight Insurance Fraud

Insurance agents can play a big role in helping states to fight insurance fraud. And with insurance fraud costing California alone $15 billion each year, or $500 per resident, the cost of which is eventually passed onto consumers, they should …

Main Street America Expands New BOP Into Mass., Conn. and N.C.

The Main Street America Group, a super regional property/casualty insurance carrier, is making its Main Line business owners’ policy (BOP) product and Main Street Station for commercial lines quoting and policy issuance system available to its independent agents in Massachusetts, …

Insight Launches ID Theft-Protection Program

New York-based program manager Insight Catastrophe Group has launched a new division that will provide identity theft programs to personal and commercial lines insurance carriers. The new program includes two supplemental covers: a personal lines product designed to protect a …

Agents Can Help Fight Insurance Fraud

Employee Background Checks Essential Insurance agents can play a big role in helping states to fight insurance fraud. In fact, because they are on the front lines of insurance transactions, agents might see and hear things before the insurance company, …

Investigators Aim to Catch Few Bad Apples in P/C Agent Ranks

As Economic Conditions Drive Up Fraud, Officials Hope to Prevent Agent Abuses from Spreading Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been rising – and they are on the …