The U.S. Food and Drug Administration, in partnership with international regulatory and law enforcement agencies, said that it took action last week against 4,402 websites that illegally sell potentially dangerous, unapproved prescription drugs to U.S. consumers.
This effort was part of Operation Pangea IX, the Ninth Annual International Internet Week of Action, a global cooperative effort, led by INTERPOL, to combat the sale of illegal and potentially counterfeit medical products on the internet. Continue reading
Cybersecurity firm Kaspersky Lab says it has uncovered an online marketplace where criminals from all over the world sell access to more than 70,000 hacked corporate and government servers for as little as $6 each.
Kaspersky discovered the forum after a tip from a European internet service provider. The market, called xDedic, is operated by hackers, who are probably Russian speaking, that have ditched their traditional business model of just selling passwords and have graduated instead to earning a commission from each transaction on their black market. Continue reading
On the property/casualty side, we’re looking more and more closely at drone technology, the underwriting side you can survey properties much more efficiently, much more accurately, and you can survey more dimensions than a human could on their own. Temperatures, and structural elements, as opposed to just what the naked eye can see. On the claims side you can assess damage in certain territories for where disasters have occurred, and which can immediately result in not just more accurate information but faster claims payout which is what we want for all of our insureds. Continue reading
A left-turn at the light with oncoming traffic; the collision occurs and now you are headed to intercompany arbitration on the subrogation claim as the parties dispute who was at fault.
An all too familiar scenario for those adjusting auto losses, but an increasingly relevant fact pattern in the world of subrogation recovery. While 85-90% of all subrogation claims are resolved between carriers and self-insureds without a problem, it is the other 10-15% that can make the difference to the bottom line for insurance organizations.
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Aside from whatever a visit to the doctor costs you in money, it also costs you in time. A lot of it.
End to end, the travel and waiting time for a doctor’s appointment can take several hours — often disrupting work or school. Only 17 percent of it — 20 minutes, on average — is spent actually seeing the doctor, according to a study by the University of Pittsburgh physician Kristin Ray and colleagues at the Harvard Medical School and the RAND Corporation. Continue reading
When a cyber breach occurs, lawsuits are usually not far behind. It’s a chain of events that has become de rigueur in the consumer realm when retailers experience a breach and it is bleeding over into the workplace, too. Continue reading
Anyone who plans to make additional money as an Uber, Lyft or other ride-sharing service driver should be aware of the insurance gaps that may exist. Failure to consider them may expose the driver to unexpected consequences. One of the ride-sharing platforms states on its opening website page — “Signing up is easy — Sign up today and you’ll be on the road in no time. Plus, signing on takes less than 4 minutes. Don’t wait to start making great money with your car.” Continue reading
Microsoft Corp. has sued the U.S. government for the right to tell its customers when a federal agency is looking at their emails, the latest in a series of clashes over privacy between the technology industry and Washington. Continue reading
