X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The plan requires Anthem to spend an undisclosed amount to help protect members’ personal information over the next three years. (Photo: Shutterstock)

(Bloomberg) – Anthem Inc. agreed to pay $115 million to resolve consumer claims over a 2015 cyberattack that compromised data on 78.8 million people, marking what attorneys in the case called the largest data breach settlement in history.

The proposed accord, which would end class-action lawsuits filed in several states, requires approval from a federal judge in San Jose, California. Anthem sells coverage under the Blue Cross and Blue Shield brand in 14 states.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

America's Claims Executive Virtual Leadership Forum & Expo 2021Event

ACE Virtual Leadership Forum & Expo is the annual conference for Senior Claims Executives in Insurance organizations.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.