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Target agreed to pay more than $39 million to banks and credit unions for losses from a 2013 holiday-season data breach that led to the exposure of as many as 40 million payment cards.
The U.S. set illegal terms in demanding AIG stock for an $85B bailout during the financial crisis, but that doesnt mean AIG investors deserve compensation, a court ruled.
A former JPMorgan Chase employee was arrested by the FBI on charges of stealing customer data and trying to sell it to an undercover informant for tens of thousands of dollars.
Former AIG Chairman Hank Greenberg lost his bid to toss a decade-old fraud suit by New Yorks attorney general.
Federal disaster relief officials asked insurers to get out of the way of settlement talks over more than 1,000 outstanding disputes involving Hurricane Sandy victims flood claims.
Federal disaster assistance officials have begun reaching settlements with more than 1,000 Hurricane Sandy victims who allege they were unfairly denied flood insurance claims or paid too little for them.
An official with FEMA said last week the U.S. is working with insurers to pay more on flood claims, possibly even to homeowners who didnt sue.
FEMA is working on settling litigation with hundreds of Hurricane Sandy victims who challenged denials or alleged underpayments of flood insurance claims.
Ex-AIG Chairman Maurice Hank Greenberg said New Yorks pursuit of him through a decade-old fraud suit is a waste of taxpayer money, as the two sides prepare for a trial next month.
New Yorks attorney general has opened a criminal probe into accusations by Hurricane Sandy victims that insurance companies rejected claims for flood damage to their properties based on falsified engineering reports.
{ "author": { "name": "Christie Smythe Bloomberg", "webUrl": "/author/profile/christie-smythe-bloomberg/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 20, "social": [], "articles": [ { "uri": "/2015/12/02/target-settles-with-banks-over-2013-data-breach-for-39-million/", "title": "Target settles with banks over 2013 data breach for $39 million", "byline": "Christie Smythe, Bloomberg", "kicker": "News", "prettyDate": "December 02, 2015", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/christie-smythe-bloomberg/", "name": "Christie Smythe, Bloomberg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Target agreed to pay more than $39 million to banks and credit unions for losses from a 2013 holiday-season data breach that led to the exposure of as many as 40 million payment cards.", "body": null }, { "uri": "/2015/06/15/hank-greenbergs-starr-wins-trial-but-no-damages-in/", "title": "Hank Greenberg’s Starr wins trial but no damages in AIG suit", "byline": "Christie Smythe, Bloomberg, Sophia Pearson, Bloomberg, David McLaughlin, Bloomberg", "kicker": "News", "prettyDate": "June 15, 2015", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/christie-smythe-bloomberg-sophia-pearson-bloomberg-david-mclaughlin-bloomberg/", "name": "Christie Smythe, Bloomberg, Sophia Pearson, Bloomberg, David McLaughlin, Bloomberg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The U.S. set illegal terms in demanding AIG stock for an $85B bailout during the financial crisis, but that doesnt mean AIG investors deserve compensation, a court ruled.", "body": null }, { "uri": "/2015/05/05/former-jpmorgan-employee-charged-with-stealing-customer-data-414-11372/", "title": "Former JPMorgan employee charged with stealing customer data", "byline": "Patricia Hurtado, Bloomberg, Christie Smythe, Bloomberg", "kicker": "News", "prettyDate": "May 05, 2015", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/patricia-hurtado-bloomberg-christie-smythe-bloomberg/", "name": "Patricia Hurtado, Bloomberg, Christie Smythe, Bloomberg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "A former JPMorgan Chase employee was arrested by the FBI on charges of stealing customer data and trying to sell it to an undercover informant for tens of thousands of dollars.", "body": null }, { "uri": "/2015/04/17/greenberg-faces-trial-as-court-rejects-bid-to-toss/", "title": "Greenberg faces trial as court rejects bid to toss AIG suit", "byline": "Chris Dolmetsch, Bloomberg, Christie Smythe, Bloomberg", "kicker": "News", "prettyDate": "April 17, 2015", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-dolmetsch-bloomberg-christie-smythe-bloomberg/", "name": "Chris Dolmetsch, Bloomberg, Christie Smythe, Bloomberg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Former AIG Chairman Hank Greenberg lost his bid to toss a decade-old fraud suit by New Yorks attorney general.", "body": null }, { "uri": "/2015/03/06/fema-asks-insurers-to-get-out-of-the-way-of-sandy-settlement-talks/", "title": "FEMA asks insurers to get out of the way of Sandy settlement talks", "byline": "Christie Smythe, Bloomberg", "kicker": "News", "prettyDate": "March 06, 2015", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/christie-smythe-bloomberg/", "name": "Christie Smythe, Bloomberg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Federal disaster relief officials asked insurers to get out of the way of settlement talks over more than 1,000 outstanding disputes involving Hurricane Sandy victims flood claims.", "body": null }, { "uri": "/2015/03/02/hurricane-sandy-victims-reach-first-set-of-fema-insurance-deals/", "title": "Hurricane Sandy victims reach first set of FEMA insurance deals", "byline": "Christie Smythe, Bloomberg", "kicker": "News", "prettyDate": "March 02, 2015", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/christie-smythe-bloomberg/", "name": "Christie Smythe, Bloomberg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Federal disaster assistance officials have begun reaching settlements with more than 1,000 Hurricane Sandy victims who allege they were unfairly denied flood insurance claims or paid too little for them.", "body": null }, { "uri": "/2015/02/25/fema-may-propose-settlement-plan-for-rejected-sandy-claims-this-week/", "title": "FEMA may propose settlement plan for rejected Sandy claims this week", "byline": "Christie Smythe, Bloomberg", "kicker": "News", "prettyDate": "February 25, 2015", "timeToRead": "7 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/christie-smythe-bloomberg/", "name": "Christie Smythe, Bloomberg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "An official with FEMA said last week the U.S. is working with insurers to pay more on flood claims, possibly even to homeowners who didnt sue.", "body": null }, { "uri": "/2015/02/18/fema-in-settlement-talks-over-rejected-sandy-flood/", "title": "FEMA in settlement talks over rejected Sandy flood claims", "byline": "Christie Smythe, Bloomberg", "kicker": "News", "prettyDate": "February 18, 2015", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/christie-smythe-bloomberg/", "name": "Christie Smythe, Bloomberg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "FEMA is working on settling litigation with hundreds of Hurricane Sandy victims who challenged denials or alleged underpayments of flood insurance claims.", "body": null }, { "uri": "/2015/01/30/hank-greenberg-calls-decade-old-fraud-suit-futile-waste-of-taxpayer-money/", "title": "Hank Greenberg calls decade-old fraud suit futile, waste of taxpayer money", "byline": "Chris Dolmetsch, Bloomberg, Christie Smythe, Bloomberg", "kicker": "News", "prettyDate": "January 30, 2015", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-dolmetsch-bloomberg-christie-smythe-bloomberg/", "name": "Chris Dolmetsch, Bloomberg, Christie Smythe, Bloomberg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Ex-AIG Chairman Maurice Hank Greenberg said New Yorks pursuit of him through a decade-old fraud suit is a waste of taxpayer money, as the two sides prepare for a trial next month.", "body": null }, { "uri": "/2015/01/26/n-y-opens-criminal-probe-into-rejected-sandy-claim/", "title": "N.Y. opens criminal probe into rejected Sandy claims", "byline": "Christie Smythe, Bloomberg", "kicker": "News", "prettyDate": "January 26, 2015", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/christie-smythe-bloomberg/", "name": "Christie Smythe, Bloomberg" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "New Yorks attorney general has opened a criminal probe into accusations by Hurricane Sandy victims that insurance companies rejected claims for flood damage to their properties based on falsified engineering reports.", "body": null } ] } }
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