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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. The changes are effective December 31, 2021.

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Ransomware Protection in 2021

eSecurity Planet

Also Read: Best Encryption Tools & Software for 2021. Attackers can fool even sophisticated users into clicking on an invoice they are expecting, or a photograph that is ostensibly from someone they know, or a document that appears to have come from their boss. Forensic Analysis. Screenshot example. Block Executables.

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Inside Ireland’s Public Healthcare Ransomware Scare

Krebs on Security

The consulting firm PricewaterhouseCoopers recently published lessons learned from the disruptive and costly ransomware attack in May 2021 on Ireland’s public health system. Ireland’s Health Service Executive (HSE), which operates the country’s public health system, got hit with Conti ransomware on May 14, 2021.

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Australian Privacy Regulator Sues in Data Breach Case

Hunton Privacy

The company acquired Medlab Pathology (“Medlab”) in December 2021. On July 10, 2022, the company notified the Office of the Australian Information Commissioner (“OAIC”) of the incident. The Allegations in the Case The originating documents are not yet publicly available. Collateral Issues Cyber risks in M&A. Class actions.

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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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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. NAIC Adopts the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act. Insurance groups will be exempt from filing a GCC if. groups to non-U.S.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. Annuity Suitability Working Group Drafting FAQ Document to Facilitate Uniformity in State Adoption of Revised Suitability in Annuity Transactions Model Regulation.