red flags News

McKesson Board Agrees to $175 Million Accord in Opioid Case

McKesson Corp.’s board reached a $175 million settlement with investors who claimed directors failed to maintain adequate internal systems for spotting suspicious opioid shipments, as the U.S.’s largest drug distributor continues to grapple with claims it helped fuel a public-health …

How’s Your Driving? If You Use an App Insurers Could Be Watching

Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance — while also raising some privacy red flags. Data on everything from how frequently a …

Mass Shootings Prompt Businesses to Train Staff on Warning Signs

NEW YORK — At a four-hour meeting last month, Michelle Abdow’s staffers got to experience some of the sights, sounds and even smells they could encounter if someone invaded their office and began shooting. Security experts and local law enforcement …

Equifax Agrees to Pay $700 Million to Settle U.S. Breach Probe

Equifax Inc. agreed to pay up to $700 million to resolve U.S. federal and state investigations into the 2017 hack that compromised some of the most sensitive information of more than 140 million people. “Companies that profit from personal information …

9 States Have Passed ‘Red Flag’ Gun Seizure Laws in Year Since Parkland Shooting

In the year since the deadly mass shooting at a Florida high school, more states have passed laws making it easier to take guns away from people who may be suicidal or bent on violence against others, and courts are …

Rise in Fraud Related to Hit While Parked Auto Claims

Personal auto fraud involving hit while parked claims is on the rise, according to the National Insurance Crime Bureau. A large portion of the estimated 120,000 claims reported each year to the NICB relate to personal auto claims, said Special …

Risky Business: Catching Commercial Use Fraud Before it Hits Your Books

One definitive method can show misrepresented commercial use well before a claim ever arises. Pulling the wool over the insurance company’s eyes seems like a victimless crime. After all, if a few dollars are saved by saying a car is …