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Merck settles with insurers regarding a $1.4 billion claim over NotPetya damages

Security Affairs

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.

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Global Capture & IDP Vertical Market Analysis

Info Source

For example, an auto insurance claim often involves an e-form for the FNOL, plus paper based or digital documents covering the police report and the assessment of the repair shop but also photos or video documentation of the damage. email and electronic sourced inputs) caused by growing virtual B2C and B2B interactions.

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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. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

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30 million Americans affected by the Astoria Company data breach

Security Affairs

Astoria Company LLC is a lead generation company that leverages on a network of websites to collect information on a person that may be looking for discounted car loans, different medical insurance, or even payday loans. Collected data si shared with a number of partner sites (such as insurance or loan agencies), that pay per lead referral.

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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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Digital Transformation in UK General Insurance: Where do MGAs fit in?

CGI

Digital Transformation in UK General Insurance: Where do MGAs fit in? A lot of attention has been drawn to the digital developments that are being undertaken by insurers in the direct marketplace, but whilst direct is an important market, transformation of the indirect channel is also deserving of more attention. harini.kottees….

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New Nevada Privacy Law With “Sale” Opt-Out Right Will Take Effect Before the CCPA

HL Chronicle of Data Protection

On May 29, Nevada Governor Steve Sisolak signed Senate Bill 220 ( SB-220 ) into law, making Nevada the first state to join California in granting consumers the right to opt out of the sale of their personal information. New Consumer Right to Opt-out of the “Sale” of Personal Information. Washington’s SB 5376).

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