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Insurance company, WellPoint, fined $1.7m over data exposure

Insurance provider WellPoint has agreed to pay a $1.7 million fine for exposing more than 600,000 personal records online due to weak database security, the U.S. Department of Health & Human Services (HHS) said Thursday. WellPoint, based in Indianapolis, is one the largest health insurers in the U.S., with more than 100 million customers covered by it and its subsidiaries. In 2009, WellPoint …

Insurance Companies Aren’t Excited About Armed Teachers in the Nation’s Schools

After the massacre at Sandy Hook Elementary last December, NRA chief Wayne LaPierre offered his organization’s solution to the problem: Get the feds to put armed guards in every school. Turns out, that’s expensive. So some school districts decided to take the idea into their own hands. But, thanks to understandably cautious insurance companies, that’s expensive, too.

Advantage Insurance Announces Executive Appointments

Advantage Insurance Holdings Ltd. , a leader in providing customized insurance solutions for businesses and individuals, today announced that Walter C. Keenan has been named its President and Chief Executive Officer .

5 Insurance Policies You Don’t Need

You can buy insurance that covers nearly any risk you can think of — including alien abduction and excessive rain — but that doesn’t mean it’s a good deal. To see if insurance is worth buying, Robert …

Insurance plan for jobless

The Shoura Council has approved an insurance scheme for jobless citizens as part of its efforts to reduce unemployment in the country and encourage them to work in the private sector.“The council endorsed the law, which has 29 articles, after listening to the views expressed by the Administration and Manpower Committee on the issue,” said Fahaad Al-Hamad, assistant president of the council.“The …