[TFL] SAIC: Insurance Will Cover Funds Sought In TRICARE Data Theft Lawsuits

From: TFL Mailing List
To: <HEALTH.MIL@xxxxxxxxxxxxx>, <TFL@xxxxxxxxxxxxx>
Date: Mon, 9 Apr 2012 17:04:08 -0500

SAIC: Insurance Will Cover Funds Sought In TRICARE Data Theft Lawsuits
By Bob Brewin 04/06/2012
 

Science Applications International Corp. (SAIC) has enough insurance to cover
judgments or settlements that could result from the September 2011 theft of
computer tapes containing the medical records of 4.9 million beneficiaries of
the military TRICARE health insurance program. The company disclosed that
information last week in a filing with the Securities and Exchange Commission.

Seven lawsuits have been filed against the TRICARE contractor claiming as much
as $4.9 billion in damages. The computer tapes that held the data were taken
from the parked car of an SAIC employee who was transporting the records from
one facility to another. According to the SEC filing, the company's insurance
policy will cover any judgments after it meets a $10 million deductible payment.

Read the complete article at
http://www.nextgov.com/nextgov/ng_20120406_4413.php?oref=rss

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SOURCE:  NextGov web site article at
http://www.nextgov.com/nextgov/ng_20120406_4413.php?oref=rss


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[TFL] SAIC: Insurance Will Cover Funds Sought In TRICARE Data Theft Lawsuits

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