#Travelers

New York Fines Geico and Travelers $11 Million Over Data Breaches

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November 26, 2024 at 06:15AM Geico and Travelers were fined $11 million in New York for data breaches affecting over 120,000 individuals. Geico’s quoting tools were exploited in cyberattacks, while Travelers’ agent portal lacked multi-factor authentication. Both companies failed to implement adequate security measures and will enhance their cybersecurity practices as part of their settlements. … Read more

Travelers to Acquire Cyberinsurance Firm Corvus for $435 Million

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November 6, 2023 at 02:18PM Travelers, a property and casualty insurance company, will acquire Corvus Insurance Holdings for $435 million. Corvus, founded in 2017, specializes in cyber insurance and uses artificial intelligence for data analysis. The acquisition will help Travelers expand its presence in the evolving cyber insurance market and gain cutting-edge capabilities in underwriting … Read more