Two major insurers, Progressive and Builders Mutual, face class action lawsuits over data breaches in 2022 that exposed the personal information of hundreds of thousands of customers.
Builders Mutual allegedly delayed notifying victims for nine months, while Progressive waited three months, prompting accusations of negligence and failure to uphold security standards.
Both lawsuits seek millions in damages and raise concerns about data security practices in the insurance industry, which is increasingly targeted by cyberattacks due to the sensitive information it holds. The insurance industry is expected to continue facing significant challenges from cyberattacks and related litigation in the coming years.
William Rabb, Claims Journal (1/23/2024) — See Full Article