Risk Management

News

Germanwings Insurers Set Aside $300 Million for Plane Crash

By Richard Weiss and Oliver Suess

Lufthansa is facing possible financial claims from the families of victims, which legal experts have estimated at around $350 million.

Internet of Things Prompts New Cybersecurity Risks

Innovations in security will be aimed at fortifying cloud services, big data, wireless communication and the Internet of Things (IoT), according to Frost & Sullivan.

IBM Joins Weather Co. to Develop Forecast Tools for Businesses

By Alex Barinka

IBM has been trying to lure customers to its analytics business with data from partners.

Munich Re Joins University of Michigan's Driverless Car Group

By Nathan Golia

The global insurer is the first insurance industry member of the U-M's Mobility Transformation Center Affiliate program

Insurance Data Encryption Argument Settled After Major Breaches

When insurers assess the risks and conduct cost-benefit analyses on whether information systems should be encrypted, more often than not the decision has been made to not encrypt. That has to change now, industry observers say.

Why Do Hackers Target Health Insurers?

By Nathan Golia

Hackers succeeded in accessing claims and clinical data from Premera, but they may be wasting their time trying to monetize health data, industry observers say.

Insurance IT Execs Take Lead in Cyberinsurance Development

When big commercial insurers develop cyber risk coverage for their clients, IT helps illustrate the problem and identify solutions. CNA and XL Group take us inside their processes.

Latest Insurance Hack More Devastating than Anthem

By Nathan Golia

Premera Blue Cross, serving the Northwest and Alaska, was hacked beginning last May, and even more sensitive data was exposed than in the Anthem hack.

Miscalculated Risk: The Old-Age Bill That’s Crushing Genworth

By Zachary Tracer

Genworth is struggling to contain the damage and on Monday warned of a “material weakness” in some of its accounting.

Anthem Update: 7 State Commissioners Will Investigate Breach

By Nathan Golia

The company also put out a HITECH Act notice over the weekend detailing the identity protection services it will provide affected customers.

FBI Is Close to Finding Hackers in Anthem Health-Care Data Theft

By Chris Strohm

Federal Bureau of Investigation officials are still deciding whether to publicly reveal information about the attackers in one of the biggest thefts of medical-related customer data in U.S. history, Robert Anderson, the bureau’s executive assistant director for cybersecurity.

MSG Global and Partner Acquire TAI

By Nathan Golia

MSG Global Solutions and Logiq3, both providers of reinsurance services across insurance, have joined to acquire Tindall Associates, a life reinsurance software software provider and consultancy. The acquisition adds TAI's more than 100 customers in ceded and retroceded reinsurance systems to MSG and Logiq's ecosystem. Those customers gain access to additional insurance and reinsurance expertise and a full suite of reinsurance administrative software, the companies say. …

Small Businesses Slow to Embrace Workplace Wellness Best Practices

By Bob Violino

Survey by Employers Holdings shows that companies need to create healthier environments.

Quick Security Tips for Anthem Customers

By Joseph Goedert

Individuals affected by the Anthem health information breach should be wary of emails or calls they receive.

HITRUST Helps Anthem, Others in Initial Hack Investigation

By Joseph Goedert

Early in its investigation of a major cyber attack, health insurer Anthem shared much of what it knew with other health industry stakeholders, all of whom participate in the HITRUST Cyber Threat Intelligence and Incident Coordination Center.

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