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Vermont Enacts Insurance Data Security Law

Hunton Privacy

515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). On May 27, 2022, Vermont Governor Phil Scott signed H.515 Information Security Program Requirements. The law will go into effect on January 1, 2023.

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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. trillion by 2025, a 300% increase since 2015 1. Beazley’s underwriters in the United States focus on writing a range of specialist insurance products.

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DORA: 1 year to go! Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds

Thales Cloud Protection & Licensing

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. What is the scope of DORA? Learn more about the DORA compliance and how Thales can help you prepare.

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How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

The global AI market is projected to grow to USD 190 billion by 2025, increasing at a compound annual growth rate (CAGR) of 36.62% from 2022, according to Markets and Markets. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

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Iowa House and Senate Unanimously Vote to Approve Comprehensive Privacy Legislation

Hunton Privacy

If Senate File 262 is enacted, it would take effect on January 1, 2025. Controller Obligations Controllers would be required to implement reasonable security practices, provide a compliant privacy notice to consumers and enter into agreements with processors that handle the controller’s personal data.

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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

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Oregon Consumer Privacy Act

Hunton Privacy

The OCPA provides an exemption to personal data subject to the Gramm-Leach-Bliley Act, the Health Insurance Portability and Accountability Act, and a number of other federal laws. Thus, like most other comprehensive state privacy laws, employee data and business-to-business data are excluded from the scope of the OCPA.

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