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Health System Pays $1.25 Million in HIPAA Settlement Over 2016 Data Breach

Health System Pays $1.25 Million in HIPAA Settlement Over 2016 Data Breach

More than six years after a data breach that disclosed 2.81 million patients’ protected health information, Banner Health has agreed to pay $1.25 million to the U.S. government to settle potential violations of the Health Insurance Portability and Accountability Act (HIPAA), Campus Safety Magazine recently reported. The Arizona-based healthcare system also agreed to implement changes to better protect patient information.…

Property & Casualty Report: Eye on 2023

Property & Casualty Report: Eye on 2023

2022 was a year that few in the Property and Casualty (P&C) sector could have predicted. Instead of stability, the market remained largely volatile, especially in the Property sector and the reinsurance marketplace. Many carriers suffered through unprofitable years thanks to Hurricane Ian, inflation, and an adverse property insurance environment primarily in Florida and Gulf coast states. Above all, losses…

Property & Casualty Report: Forward Outlook

Property & Casualty Report: Forward Outlook

The fourth quarter began very different than how the majority of the summer months had transpired from a Natural CAT perspective; as Hurricane Ian used the final few days of Q3 to take aim at Florida’s densely populated gulf coast. Despite mandatory evacuations, fairly accurate forecasting of its path and the usual several days to prepare, its damages were devastating.…

Top 3: Cybersecurity Awareness Intel

Top 3: Cybersecurity Awareness Intel

Below we highlight the top 3 trending Cybersecurity Awareness-related intel topics. 1. Trending News Attesting to MFAs, Security Protocols a Key Part of Cyber Protection The necessity for companies to have data security practices in place in order to secure cyber coverage is crucial to managing risk, our experts advise. As…

Tesla Recalls Over 1 Million Vehicles Over Worries Windows Could Cause a Pinch

Tesla Recalls Over 1 Million Vehicles Over Worries Windows Could Cause a Pinch

A faulty window reversal system on certain Tesla models has led to the recall of more than 1 million vehicles. The problem, discovered by the company during production testing in August, could make the power windows react incorrectly to obstructions and cause an individual\'s fingers to be pinched, the Associated Press reported. Affected vehicles include certain Model 3 and Model…

Attesting to MFAs, Security Protocols a Key Part of Cyber Protection

Attesting to MFAs, Security Protocols a Key Part of Cyber Protection

A major insurance carrier is attempting to rescind a cyber policy based on the client’s alleged misrepresentation of its digital security protocols. According to reports, Travelers recently sought a ruling in the U.S. District Court for the Central District of Illinois to rescind its Cyber and Privacy Liability Insurance policy with Illinois-based International Control Services because the company was not…

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