What professional liability exposures do financial institutions face today? Have risks significantly changed since 2001? If so, why? Major events have had a direct impact on insurers, agents and the industry and have triggered lawsuits and, eventually settlements, changing how …
Des Moines, Iowa-based Hawkeye-Security Insurance and Indiana Insurance, both members of the Liberty Mutual Group, are urging holiday shoppers to raise their awareness of identity theft, the fastest growing crime in America. Consumers’ increased use of credit and debit cards …
Oklahoma Attorney General Drew Edmondson’s office will propose legislation to expand his Consumer Protection Unit’s prosecutorial authority. In a release, Edmondson said a case he recently filed, which concerns identity theft and fraud, highlights the need for the new law. …
An Oklahoma man is facing 10 years in prison, and his wife will serve a three-year prison sentence after pleading guilty to five counts of violating the Oklahoma Solicitation of Charitable Contributions Act, Attorney General Drew Edmondson announced. Gregory Sean …
A coalition of data security firms has renewed its call for Congress to protect personal information in cyberspace and help Americans trying to deal witht he risk on their own. The businesses warn that the decline in consumer confidence in …
Computer records containing personal information of about 130,000 members of Connecticut-based health insurer Aetna Inc. were stolen from the office of a vendor, the company said. A lockbox stolen during an Oct. 26 break-in at Concentra Preferred Systems contained computer …
Houston General Insurance Exchange has upgraded its OneChoice package offering for personal insurance consumers in Arizona – and renamed it OneChoice CustomPac. The program is designed to allow consumers to continue all of their homeowners, auto, boat and umbrella coverage …
At least several hundred, likely more, Social Security numbers of Vermont health care providers were posted to the Internet in a state contractor’s mistake that officials were scrambling to fix Friday. Human Resources Commissioner Linda McIntire said the names and …
Identity-related fraud is a virulent crime, with 3.5 times the aggregate losses of all property crimes, such as burglary, larceny and vehicle theft, reported last year. In today’s technology/information-driven society, the threat is even greater, and it’s only getting worse. …
More than 40 percent of consumers would like their homeowners insurance carrier to offer coverage for identity theft, according to a study released by J.D. Power and Associates. The “2006 Homeowners Insurance Study” reported that identity theft insurance is second …
