GM agrees to $220 million multistate settlement over driver data
Investigators say OnStar’s Smart Driver data reached insurers through brokers, and the OnStar app misled more than 370,000 drivers.
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Stories tagged #insurance
Covered California agent data exposed after May phishing attack
The May 13 incident exposed agents’ Social Security or federal ID numbers; the notice gives no victim count.
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Finance firms found attack paths after expanding NodeZero testing
Horizon3 case studies say a Dev environment reached production Domain Admin and one credential exposed about 300,000 files.
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Insurers brace for millions in claims as AI agents spin out of control
Insurers prepare for multimillion-dollar claims as uncontrolled AI agents raise executive liability questions.
Ransomware group threatens to leak customer data from top insurance companies in South Africa
The Gentlemen ransomware group threatens to leak South African insurer data after breaching MIP Holdings.
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Insuretech Outmarket raises $34.5M just months after prior round
Outmarket raised a $34.5 million Series B to scale AI that automates commercial insurance brokerage paperwork.
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Insurers claim AI is already increasing healthcare costs
Blue Cross says hospital AI coding tools added $942 million in healthcare spending over two years.
Underwriting Superintelligence: Backing Agents you can Sue — Rune Kvist, AIUC
AIUC raised a $40 million Series A to build AIUC-1, an agent security standard backed by insurance, serving Cursor, Harvey, Lovable, and ElevenLabs.
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AIUC Raises $40 Million to Certify Enterprise AI Agents
AIUC raised $40 million in Series A funding led by Ribbit Capital to expand its AIUC-1 standard certifying enterprise AI agents against security risks.
Insurers Search for Answers to Rein in Rogue AI
Insurers and CISOs are racing to define coverage and risk controls as incidents of harm caused by rogue AI agents mount.
When AI quietly breaks things, who pays?
Reed Smith partner David Halbreich explains how AI companies can avoid D&O/E&O coverage gaps around mergers, governance warranties, and claims timing.
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Average Cyber Insurance Losses Increase Despite Fewer Claims
Chubb reports average cyber insurance losses rose in the US as growing privacy litigation drove up claim costs despite fewer claims.