Please join us in congratulating Joe Carron, Cachi Garcia-Velez and Michael Katzenberg on winning the AIG Private Client Group Invitational in Pebble Beach, California on August 11, 2016! The AIG Invitational is an opportunity to network, foster friendly competition and most importantly, raise money for charity. Since the event’s inception in 2012, AIG and their partners have raised nearly $400,000, allowing local agents to support charities in their own communities. Earlier this year, the Celedinas team won the regional event at PGA National, winning $8,000 for Adopt-A-Family, their chosen charity! With the Pebble Beach Championship, the team won an additional $62,000 for Adopt-A-Family, bringing the total donation to $70,000!
Adopt-A-Family is a charitable organization established in 1983. Their mission is to strengthen families with children in their efforts to achieve stability and self-sufficiency by providing access to all-encompassing services. They offer assistance to homeless families, income-challenged, working families at risk of becoming homeless and children ages Kindergarten to 5th grade in need of quality after-school activities.
We are thrilled to be able to help support this worthy charity!
If you or someone you know is looking for a great new role in an entrepreneurial environment with an abundance of resources and opportunities for growth, check our open positions. http://mma-fl.force.com/careers
THE ANTHEM DATA BREACH
Anthem, Inc., one of the nation’s largest health insurers, announced on February 4, 2015, that its IT system had been subjected to a sophisticated, targeted cyber-attack. The company said it learned of the cyber breach on January 29, and notified the FBI. Although the full scope of the breach remains to be seen, the personal data of as many as 80 million current and former Anthem members has potentially been compromised. The specific data known to be disclosed includes: names, birthdays, medical IDs/Social Security numbers, street addresses, email addresses, and employment information. Anthem has said its ongoing investigation indicates that diagnosis or treatment data was not exposed.
According to Anthem, there is no evidence to suggest that credit card or medical information was specifically targeted. However, Anthem has said that all of its product lines have been affected. The incident is a reminder of how effective cybercriminals are in targeting all kinds of businesses. See Anthem’s website dedicated to the breach for more details, including details on the resources Anthem is making available to its members: http://www.anthemfacts.com/
WHAT ARE YOUR DATA BREACH OBLIGATIONS AS AN EMPLOYER?
An employer may have additional legal obligations to its employees and others as a result of a data breach of this nature, beyond the notifications required by HIPAA and other data breach laws.
DO YOU NEED TO NOTIFY YOUR INSURERS?
The question of whether and when to notify any of your insurers will depend on your unique situation, the specific coverages you purchase, and the precise terms of the relevant policies. Clients that are legally obligated to respond to the breach may be able to secure coverage under a cyber policy for their direct first-party costs, such as notification of affected individuals and call center, legal, and PR expenses. A cyber policy would also likely respond to a third-party claim brought by an employee against an employer, asserting that the employer breached its duty to safeguard the employee’s personally identifiable information.
While full details of the events are still emerging, Marsh & McLennan Agency recommends that clients:
1. Consult with legal counsel experienced in privacy and data breach issues to evaluate their status under HIPAA with respect to any benefits programs provided by Anthem and develop the best response to the breach.
2. Consider notifying any cyber liability carriers of the breach if the client works with Anthem to provide its employees with health insurance. Employers that are considered covered entities with respect to Anthem-related benefit plans should give extra consideration to notifying their cyber carriers.
3. Consider providing notice of the Anthem breach under other coverage lines, including directors and officers, fiduciary, and commercial general liability policies. Although coverage for breach events under non-cyber policies is often limited or may not exist, an employer should assess all potential avenues to coverage.
4. Contact their Marsh & McLennan Agency representative and/or claims advocate for specific questions regarding notification under any potentially relevant insurance policies.
For any questions, please contact your local MMA Florida Representative.