Global Atlantic Financial Group

Global Atlantic Financial Group is engaged in the insurance and reinsurance sectors, focusing on retirement and annuity markets. It offers a variety of products and services designed to help clients manage their financial risks and achieve their long-term financial goals.

CCI Score

-14.16

0.01% April 18

Latest Event

Data Breach and Class Action Lawsuit

Global Atlantic Financial Group is facing a class action lawsuit following a May 2023 data breach where sensitive customer information was compromised. The breach occurred when a third‐party IT vendor’s MOVEit platform was infiltrated, and the company is accused of failing to adequately vet and monitor this vendor, leading to inadequate protection of personal data.

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ENABLER

Global Atlantic Financial Group is currently rated as an Enabler.

-10 to -19 CCI Score

Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

MAY

29

2023

Data Breach and Class Action Lawsuit
-33.10

Global Atlantic Financial Group is facing a class action lawsuit following a May 2023 data breach where sensitive customer information was compromised. The breach occurred when a third‐party IT vendor’s MOVEit platform was infiltrated, and the company is accused of failing to adequately vet and monitor this vendor, leading to inadequate protection of personal data.
-40

Business Practices and Ethical Responsibility

April 2

The incident exposes significant negligence in business practices. By failing to enforce robust data security measures and to appropriately vet and monitor its third-party IT vendor, Global Atlantic Financial Group compromised sensitive customer information. This lack of due diligence reflects poor ethical responsibility and undermines consumer protection, contributing to a negative impact on public trust.

Insurance Company Global Atlantic Hit with Class Action Over May 2023 Data Breach
JAN

01

2023

Political Contributions Raised by PAC
-15.89

Global Atlantic Financial Group’s PAC raised $41,317 during the 2023-2024 election cycle. This political fundraising, while modest in amount, indicates the company’s engagement in corporate political behavior which can potentially translate into disproportionate political influence.
-20

Political Contributions and Lobbying Efforts

April 2

The PAC profile on OpenSecrets shows that Global Atlantic Financial Group raised political contributions amounting to $41,317 in the 2023-2024 cycle. From an anti-fascist perspective, corporate political fundraising can be a vehicle for undue influence over democratic processes, thereby reflecting a negative impact on democratic accountability.

PAC Profile: Global Atlantic Financial Group • OpenSecrets
DEC

31

2020

Global Atlantic Political Spending Disclosure
6.50

Data from OpenSecrets reveal that Global Atlantic Financial Group reported contributing $138,647 in the 2020 cycle and did not engage in any lobbying activities during that period. This limited level of political spending suggests a restrained direct political influence and a lower risk of bolstering authoritarian agendas.
+10

Political Contributions and Lobbying Efforts

April 2

The OpenSecrets profile shows that Global Atlantic Financial Group’s total political contributions were relatively low ($138,647) with no reported lobbying expenditures in the 2020 cycle. In an anti-fascist framework, this limited engagement in direct political spending is seen as minimizing potential support for authoritarian policy influence, though it does not necessarily indicate proactive progressive actions.

Global Atlantic Financial Group Profile: Summary • OpenSecrets