23andMe to Get $16.5M in Unused Cyber Insurance

Bankrupt Firm Plans to Use the Settlement Money to Pay Off Cyber Claims Marianne Kolbasuk McGee (HealthInfoSec) • December 5, 2025

As part of its ongoing Chapter 11 bankruptcy proceedings, 23andMe Holding Co. - now named Chrome Holding - has reached a settlement with its cyber insurers for the carriers to buy back $16.5 million of the consumer genetics testing firm's unused cyber policy.

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Chrome will use the funds to pay creditors whose claims are covered by the company's insurance cyber policies, including claims related to cyberattack litigation.

Under the deal, Chrome will indemnify the cyber insurers for claims related to their policies, capped at the $16.5 million ...