Insurance
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Blog
Scania confirms insurance claim data breach in extortion attempt
Automotive giant Scania confirmed it suffered a cybersecurity incident where threat actors used compromised credentials to breach its Financial Services systems and steal insurance claim documents. Scania told BleepingComputer that the attackers emailed several Scania employees, threatening to leak the data online unless their demands were met. Scania is a major Swedish manufacturer of heavy trucks, buses, and industrial and…
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Hackers switch to targeting U.S. insurance companies
Threat intelligence researchers are warning of hackers breaching multiple U.S. companies in the insurance industry using all the tactics observed with Scattered Spider activity. Typically, the threat group has a sector-by-sector focus. Previously, they targeted retail organizations in the United Kingdom and then switched to targets in the same sector in the United States. “Google Threat Intelligence Group is now…
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Best (and Worst) Homeowners Insurance Companies
But it’s possible you’re facing even worse problems than just rising costs. Some homeowners are losing coverage entirely as insurers across the U.S. aggressively cancel policies or leave certain markets. Allstate and State Farm, for example, have stopped writing new policies in California, and Farmers and Progressive have done the same in Florida. Rate hikes and cancellation can mean you’re…
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Erie Insurance confirms cyberattack behind business disruptions
Erie Insurance and Erie Indemnity Company have disclosed that a weekend cyberattack is behind the recent business disruptions and platform outages on its website. Erie Indemnity Company is the management company for the Erie Insurance Group, a property and casualty insurer with over 6 million active policies. The company provides auto, home, life, and business insurance policies through independent agents. Since…
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How Insurance Companies Use Drones to Raise Your Rates (and What to Do About It)
If you own a home, you know that homeowners insurance usually requires inspections—at least once, when you initially take out the policy, and often periodically when the renewal comes around. You usually can’t avoid this—the insurer has a right to ensure that they’re not taking on excessive risk. They don’t want to be on the hook for a huge repair…
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This Massive Insurance Data Breach Leaked 1.6 Million Users’ Information
A known data breach affecting a major insurance administrator may have compromised the personal information of nearly twice as many people as previously reported. A May 2024 cyberattack on Landmark Admin is believed to include at least 1.6 million people’s data, according to an updated filing with the Maine attorney general’s office. Landmark Admin is a Texas-based third-party administrator (TPA)…
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Best Pet Insurance Companies – Consumer Reports
You may be wondering whether you should pounce on pet insurance. Many policyholders we surveyed seem glad they did. Fifty-three percent said they were very or completely satisfied with their carrier, and 33 percent said they were somewhat satisfied. Only 14 percent expressed any degree of dissatisfaction. Yet when we asked them to focus on specific elements of their coverage,…
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How to Lower Your Car Insurance Rates
Start by asking your current insurer to adjust your plan to account for the tweaks you are making—driving fewer miles, accepting a higher deductible, etc. Once they’ve given you a new price, follow the advice below to reach out to several other insurers to see whether they can do better. According to CR’s 2024 survey of over 40,000 Americans with…
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Is Pet Insurance Worth It?
At Consumer Reports, we rated eight pet insurance providers: ASPCA, Banfield, Embrace, Fetch, Healthy Paws, Nationwide Pet Insurance, Pets Best, and Trupanion. The ratings are based on a survey of 2,061 CR members with insured pets, looking at such things as satisfaction with the prices paid, the availability of different types of coverage, reimbursement options, and coverage based on preexisting…
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Is identity theft insurance worth it?
To say the word “insurance” doesn’t inspire confidence nowadays is putting it lightly. With policies that often feel convoluted and exclusions buried in fine print, it’s easy to be skeptical. So, is identity theft insurance worth it? Well, the answer depends on your circumstances. For instance, identity theft insurance could be wise if you manage multiple financial accounts, use public…
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