Gallagher settles 2020 data breach class action suit for $21m – AM Best report
Arthur J. Gallagher has agreed to a $21m (£16.93m) settlement to a class action lawsuit in the US after a data breach in 2020, AM Best has reported.
According to articles, a court hearing to approve the process is due at the end of this month.
As previously reported by Insurance Age, Gallagher identified being hit by a ransomware attack on its internal systems in September 2020.
RelatedGallagher forced to take global systems offlineThe broker has confirmed that a ransomware incident hit its network but everything is now back online as ICO says attack has been reported.
Following the detection of the attack it took all global systems offline
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Interview: Bob Pybus, CEO of AUB UK Retail
Having been named CEO of AUB UK Retail last September, Bob Pybus reflects on his route to the role, tells Insurance Age about the deals struck so far and shares his plans to grow to a £1bn business.
FCA reveals fall in GI and protection appointed reps
The number of appointed representatives in the general insurance and protection space fell to 7,359 last year as the sector posted the biggest volume drop in the financial services market.
Biba 2025 Countdown: FullCircl’s Ashleigh Gwilliam
Director of insurance industry growth at FullCircl and a member of the Biba Insurance Technology and Innovation Committee, Ashleigh Gwilliam, on ‘fearlessly defending’ his most conference steps title, the case for business cards and why Oasis’ ‘Supersonic’ perfectly encapsulates the event.
UK firms underestimating cyber attack vulnerability with smallest most at risk
Businesses in the UK and Ireland are five times more likely to be the target of a cyber attack than suffer flood damage and yet only 47% have dedicated cyber cover, according to research from Pen Underwriting.
Partners& strikes pair of deals
Partners& has bought Glasgow-based Blackford Group and Directors & Professionals, a commercial broker in Tunbridge Wells, in its first deals of 2025.
Broking Success: Pipeline of talent
CJ Insurance, specialists in close protection, security and defence has a pipeline of talent through the business, according to managing director James Clarke, as he targets doubling its size over the next five years.
People Moves: 6 – 9 May 2025
Stay in the loop with the latest insurance personnel moves.
Biba 2025 Countdown: Earnix UK’s Andrew How
As Biba 2025 approaches, Earnix UK Insurance director Andrew How recommends attendees keep an open mind, suggests how regional brokers can compete effectively in the New Era and is looking forward to tasting the delights of a local tap room.