Cyber Risk News

Figures

3 Million A new survey by Trusted Choice and the Independent Insurance Agents & Brokers of America found that nearly three million households have lost their homeowners coverage since 2003, and most homeowners have done nothing to structurally reinforce their …

S.C. Joins States Opposing National Federal Driver’s Licensing

South Carolina joined Maine, New Hampshire and other states this week as it formally rejected a federal mandate that sets new national driver’s license standards. Gov. Mark Sanford signed a bill into law that says the state will not participate …

NAS Insurance Offers Network Security Insurance

Encino, Calif.-based NAS Insurance Services has a new network security insurance called NetGuard, which covers allegations against an insured such as breach of privacy, identity theft, etc. NetGuard includes gvernment investigations defense cost insurance such as government investigations into HIPAA …

Dozens Arrested in Florida ID Theft Scam

Florida officials arrested 26 individuals throughout the state on charges of using fraudulent identification to gain employment. The arrests, which began Monday and continued through Thursday, stem from a joint investigation by the Department of Financial Services and the Department …

Texas AG cracks down on lender for ID theft exposure

Texas Attorney General Greg Abbott says Ohio-based CNG Financial Corporation and subsidiaries Check ‘n Go of Texas Inc. and Southwestern & Pacific Specialty Finance Inc. have been systematically exposing their customers to the risk of identity theft. The AG’s office …

Texas AG cracks down on lender for ID theft exposure

Texas Attorney General Greg Abbott says Ohio-based CNG Financial Corporation and subsidiaries Check ‘n Go of Texas Inc. and Southwestern & Pacific Specialty Finance Inc. have been systematically exposing their customers to the risk of identity theft. The AG’s office …

Former Wis. Agent Sentenced to 4 Years for Insurance Fraud

A former top agent for American Family Insurance has been sentenced to four years in prison on 104 criminal counts accusing her of establishing dozens of fraudulent insurance policies. Waukesha County Circuit Judge Kathryn Foster sentenced Nancy Paquette, 46, of …

44 State AGs Settle with ChoicePoint Over Information Privacy Breach

Attorneys general from 44 states have signed an agreement with a Georgia-based company that distributes consumers’ personal information to settle allegations that the company failed to adequately maintain the privacy of that information. The company, ChoicePoint, provides personal identification information …

Nas Offers Network Security Insurance for Hospital, Physician Carriers

Encino, Calif.-based Nas Insurance Services is offering Network Security Insurance (e-MD), which covers allegations against an insured physician or medical group such as breach of privacy, identity theft, etc. e-MD includes government investigations defense cost insurance, which covers government investigations …

Stealing Brings Montana Woman Four-Year Sentence

A Helena, Mont., woman who used a check scheme to steal nearly $158,000 from her employer has been sentenced to four years in prison. A federal judge imposed the sentence on 43-year-old Margaret Blixt, and ordered $157,710 in restitution plus …