IDC reports that approximately 50 percent of data loss incidents are due to insiders, with the FBI rating insider data loss around 70 percent. Both groups agree the majority of these incidents are the result of poor corporate policies or lack of organizational definition of what constitutes sensitive information.

Hardly a week passes without a report of consumer or company data being compromised. According to the Privacy Rights Clearinghouse, a non-profit consumer organization, more than 90 million data records containing sensitive personal information have been involved in security breaches since February 2005.

SAN FRANCISCO—The Workers’ Compensation Insurance Rating Bureau on Tuesday recommended a 6.3% pure premium rate decrease for California policies incepting Jan. 1.

The proposal, however, is based on an expectation that Gov. Arnold Schwarzenegger will veto S.B. 815. The legislation is currently on the governor’s desk and seeks to double permanent disability benefits over three years.

SACRAMENTO, Calif.—California Gov. Arnold Schwarzenegger will veto a measure to eliminate all public and private health insurance in California and replace it with a single-payer system.

In an op-ed piece published Tuesday in the San Diego Union-Tribune, Gov. Schwarzenegger said the measure, which was passed last week by state legislators, “relies on the failed old paradigm of using one source—this time the government—to take over health insurance and medical care for our people.”

NEW YORK—The commercial insurance industry should continue writing coverage for most terrorist events, but losses caused by weapons of mass destruction and other large-scale events should be paid by the federal government, longtime insurance industry executive Maurice R. Greenberg said Friday.