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In response to the Department of Labor’s April 2021 guidance on cybersecurity and data privacy, Colonial Surety Co. is revising its fiduciary liability product offering for 401k plan sponsors, adding a new two-part package that includes cyber liability coverage, reports 401K Specialist. The new fiduciary-and-cyber liability package is available to any company that sponsors a retirement plan and already has an ERISA fidelity bond in place.
1. UnitedHealth reports significant data breach; personal health info compromised
2. Humana to cut Medicare Advantage benefits amid rising costs
3. Walmart to shut down health clinics due to unprofitability
4. UnitedHealth faces scrutiny over size, operations, and cyberattack
5. UnitedHealth to close Optum Virtual Care amid telehealth decline
6. Cigna writes off $1.8 billion from VillageMD investment amid losses