Allstate identity protection gets a boost with InfoArmor acquisition

Identity Protection - Face

The insurer is expanding its ability to cover consumers against growing ad increasingly common risks. The Allstate Corporation is upping its presence in identity protection with a new agreement for InfoArmor, Inc. acquisition. This deal gives the insurance company the opportunity to raise its potential within this market. Identity theft is a growing area of concern among consumers who want to protect themselves. InfoArmor is a leading employee identity protection provider. It currently protects over 1 million employees and the members of their families. It covers the workers at over…

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Identity theft insurance recommended for some Anthem customers

Identity Theft insurance

After the huge cyber attack that caused a data breach at the insurer, agents are recommending protection. At the end of last week, Anthem revealed that it had experienced a massive cyber attack in which up to 80 million customers may have had their sensitive information compromised, and now agents are recommending that identity theft insurance be purchased in order to protect against the type of damage that those cyber criminals could potentially inflict. The customers whose data was exposed in the hack could have their ID stolen, which could…

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Businesses need more than cyber insurance

identity theft cyber insurance

The world is becoming more integrated with technology and this is beginning to change the way the insurance business works. With businesses beginning to enter into the digital space in order to more effectively engage consumers, the need to protect themselves from cyber attacks is beginning to increase. Many businesses to not take the steps necessary to protect themselves from digital threats, so insurers are beginning to serve as a safety net, but even the insurance industry cannot protect companies from every threat in the digital world. The digital risks…

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Should More States Help Agents Find Insurance Leads?

Last month, California made headlines when Covered California handed out thousands of consumer’s information to insurance agents without their expressed interest to be contacted. According to LA Times reporter Chad Terhune, the names given were of people who had signed up on the Covered California website, but had not finished the enrollment process. Was this an act of assistance on the part of the state or a complete breach of privacy? The larger question is “should other states follow suit?” Why Use an Insurance Lead Company? Generally, insurance agents find…

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How to Avoid Identity Theft While Signing Up for Obamacare

Identity Theft insurance

A woman from St. Louis was reportedly told by the customer service department behind Healthcare.gov that three different people used her address, social security number, and account password. After she was clearly disgusted by the situation, administrators made it worse by saying it will take five days to get her personal information offline, detailed a News 4 official report. ObamaCare Shutdown, Again The Affordable Health Care Act, commonly known as ObamaCare, has had its share of glitches and hold-ups. Fox News detailed a Nov 3rd shutdown for three days, when…

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How ID Theft Can Unexpectedly Cause Higher Health Premiums

If we consider how ubiquitous the almighty credit card is these days, it’s not that hard to believe that we are well on our way to becoming a mostly cashless society. Unfortunately, this also means that ID theft and credit card fraud are steadily on the rise. The very real problem of identity theft can wreak havoc on an individual’s credit score. It could also quite possibly lead to expensive health insurance. The proliferation of credit cards and the people who use them in their daily lives placed more importance…

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Insurance news from Nationwide underscores corporate liability risk

Cyber Insurance policies commissioners industry

The computer breach faced by the insurer highlights the chance of exposure from cybercrime. The insurance news that revealed a computer breach to Nationwide’s systems that resulted in the exposure of 1.1 million individuals to identity fraud has underscored the type of cybercrime that businesses are now worried will cause them to face a growing number of civil court actions. The insurer first went public with the announcement of the cyber attack on November 5. However, the initial breach had occurred on October 3 and impacted by that company and…

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