INSURASALES

Tag: Cybersecurity

Nationwide Invests $1.5B in AI to Transform Property & Casualty Insurance

Nationwide commits $1.5 billion through 2028 to AI-driven innovations enhancing property and casualty insurance services with secure, scalable technology solutions.

Pacific Guardian Life Reaches $2M Settlement in 2023 Cybersecurity Breach Class Action

Pacific Guardian Life settles $2 million class action over August 2023 data breach exposing sensitive customer data. Eligible claimants may receive up to $2,020. Claim deadline Dec 21, 2025.

New York Fines Auto Insurers Over $19M for Cybersecurity Violations

New York DFS fines eight auto insurers over $19 million for cybersecurity violations after data breaches exposed driver information in online quoting systems. Enforcement highlights increasing regulatory scrutiny in insurance industry compliance.

K–12 Cybersecurity Transforms with AI to Build Resilient School Systems

Explore how U.S. K-12 schools are evolving cybersecurity with AI, data governance, and collaboration to build resilient systems and reduce cyber insurance costs.

Modernization Strategies for Mutual Property and Casualty Insurers

Explore effective modernization strategies for mutual property and casualty insurers focusing on technology, AI, security, and member-centric outcomes to stay competitive.

2025 Marks Major Transformation in U.S. Insurance Technology Trends

In 2025, U.S. insurance technology enters a transformative phase driven by AI, IoT, parametric policies, and embedded insurance models, reshaping underwriting, claims, and customer engagement.

Increasing Cybersecurity Challenges for Financial Services: Vendor Breaches, Mobile Malware, and VPN Vulnerabilities

Financial sector faces escalating cyber risks from vendor breaches, advanced mobile malware, and critical VPN vulnerabilities, underscoring need for enhanced supply chain oversight and Zero Trust security.

2025 Insurance Industry Growth Supported by Economic and Technological Trends

Conning analysts forecast sustained growth in life/annuity and property/casualty insurance in 2025, driven by economic conditions, regulatory focus, AI adoption, and rising catastrophe and cyber risks.

Allianz Life Reports Major Social Engineering Data Breach Impacting 1.4M Customers

Allianz Life Insurance Company announces a major social engineering data breach affecting 1.4 million U.S. customers, part of a growing trend of cyberattacks on insurers by groups like Scattered Spider.

Data Breach at Covenant Health Affects Over 2,200 in New Hampshire

Covenant Health reports a May 18 data breach impacting over 2,200 in New Hampshire, exposing medical and insurance data. Fraud monitoring and IT security upgrades underway.