Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”.

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Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550.

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Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. appeared first on Data Matters Privacy Blog.

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Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

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Data Matters

JULY 30, 2018

In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B. See CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500.

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Hunton Privacy

OCTOBER 10, 2018

As reported on the Insurance Recovery Blog , Hunton Andrews Kurth insurance practice head Walter Andrews recently commented to the Global Data Review regarding the infirmities underlying an Orlando, Florida federal district court’s ruling that an insurer does not have to defend its insured for damage caused by a third-party data breach.

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IBM Big Data Hub

NOVEMBER 30, 2023

Extreme weather events not only threaten infrastructure but also obstruct routes, hindering goods transportation and disrupting supply chains even in regions far from the affected area. Be adaptive with weather protection Protect your assets and ensure business continuity throughout a severe weather event—before, during and after.

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Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

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IT Governance

DECEMBER 14, 2021

In this blog, we look at three other ways that cyber security as a service can benefit your organisation, and help you understand how the process works. You’ll receive cyber insurance cover ?. Many cyber-security-as-a-service offerings include cyber insurance as part of the package. appeared first on IT Governance UK Blog.

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The Last Watchdog

MARCH 13, 2023

In other words, they shouldn’t detail how cybersecurity spending drives revenue and that cuts to the security program directly affect relationships and requirements with three key constituencies: customers, insurers, and regulators. Ultimately, cybersecurity can become a profit center when customers, insurers, and regulators require it.

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IBM Big Data Hub

MARCH 27, 2024

Climate change causes extreme weather events across the world that endanger people’s lives and disrupt the businesses on which they depend. The United States saw 25 climate disaster events in 2023 with losses of more than USD 1 billion each. These events included floods, severe storms and a drought.

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Risk Artificial Intelligence Agriculture Financial Services 67

CGI

FEBRUARY 28, 2017

Insurers’ digital focus is looking through the wrong ‘lens’. Read any article on digital insurance and it seems to me that it is all about the insurers! In a more advanced state CGI’s experience in using HoloLens technology from Microsoft suggests to me that this is an area ripe for consumer focussed insurer innovation.

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IBM Big Data Hub

FEBRUARY 15, 2024

The impacts of climate change may be organized into three categories: Intensifying extreme weather events Changes to natural ecosystems Harm to human health and well-being Extreme weather events While climate change is defined as a shift in long-term weather patterns, its impacts include an increase in the severity of short-term weather events.

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Data Matters

FEBRUARY 25, 2022

DPFS will be relevant to all those in financial services, including those in the banking, insurance, fintech, funds, payments, private equity, securities, wealth management, and other financial sectors. The post Data Protection in Financial Services Week 2022 appeared first on Data Matters Privacy Blog.

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Data Matters

SEPTEMBER 20, 2021

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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Insurance e-Delivery Paper Sales 88

OpenText Information Management

NOVEMBER 22, 2023

We’ve experienced economic, geopolitical, technological, and societal challenges over recent months with the ongoing cost-of-living crisis, high interest rates, inflation, global conflicts, catastrophic weather events, the rise in artificial intelligence such as ChatGPT, to name only a few.

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Financial Services Artificial Intelligence Customer Experience Content services 57

OpenText Information Management

APRIL 14, 2023

During two days at the beautiful and centrally located Infinity Hotel and Conference Resort Munich, the event explores new ways technology and machines can harness information management; … The post OpenText World EMEA 2023 – Innovation Summits kick off in Munich appeared first on OpenText Blogs.

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IT Governance

OCTOBER 11, 2022

One of the most common mistakes that organisations make when addressing cyber security is that they consider it a one-off event. Why Cyber Insurance is Essential in 2022. The post How to Manage Your Cyber Risks appeared first on IT Governance UK Blog. How we can help.

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IBM Big Data Hub

OCTOBER 30, 2023

A leading insurance player in Japan leverages this technology to infuse AI into their operations. Real-time analytics on customer data — made possible by DB2’s high-speed processing on AWS — allows the company to offer personalized insurance packages.

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Data Protection Report

NOVEMBER 9, 2022

Examples of sensitive information that attract more stringent security safeguards include financial information, health information, reputationally sensitive information, social insurance numbers, trade secrets and confidential commercial information. The authors would like to thank Katie Helou for her help in preparing this blog post.

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Information Governance Perspectives

APRIL 5, 2023

John Danenberger, CPCU, is Corporate Counsel at State Farm Insurance and specializes in addressing emerging issues around telematics. In 2015, he successfully transitioned from a military career as a trial attorney for the JAG Corps to working in telematics in corporate America for State Farm Insurance.

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IT Governance

JUNE 1, 2023

million) Clinical test data stolen from biotech company Enzo Biochem (2.47 million) Apria Healthcare suffers security breach (1.8 million) Clinical test data stolen from biotech company Enzo Biochem (2.47 million) Apria Healthcare suffers security breach (1.8 million) Clinical test data stolen from biotech company Enzo Biochem (2.47

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Data breaches Ransomware Insurance Personal data 98

Krebs on Security

MARCH 3, 2020

Last week, KrebsOnSecurity reported to health insurance provider Blue Shield of California that its Web site was flagged by multiple security products as serving malicious content. How did a browser extension lead to a malicious link being added to the health insurance company Web site?

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IT Governance

JUNE 15, 2022

In this blog, we look at the top five cyber security risks that businesses face, and explain how you can prevent them. By implementing controls to protect against phishing and system vulnerabilities (using the advice that we’ve covered in this blog), organisations can mitigate the risk of a ransomware infection. Poor patch management.

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IT Governance

NOVEMBER 1, 2022

Million Records Breached appeared first on IT Governance UK Blog. The post List of Data Breaches and Cyber Attacks in October 2022 – 9.9

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IBM Big Data Hub

FEBRUARY 14, 2024

They can also help businesses predict future events and understand why past events occurred. By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination.

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Info Source

OCTOBER 21, 2022

Usually when I attend a conference, I produce a recap of the event, but this time I’ve chosen not to. The event is intended to be intimate. I’ve also included the conversation I had with Todd Albers in full (you can find it at the end of this article), which we only managed to schedule a week before the event. With Jim Hayes.

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OpenText Information Management

MAY 16, 2022

I recently attended two really amazing events: the MoneyLive Summit in London and the OpenText™ Middle East Summit in Dubai. But what was even more interesting about my trip was that, whether in the Middle East or Europe, everyone agreed … The post Why `digital fakers’ have nowhere to hide appeared first on OpenText Blogs.

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IBM Big Data Hub

DECEMBER 8, 2023

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Contingency plans should be in place if something drastic changes or risk events occur.

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Risk Compliance Insurance IT 74

Archive-It

APRIL 17, 2024

Registration and event details will be announced soon. Read more about what this will mean to the Community Webs program in this blog post. In case you missed it, you can watch the video any time or read the recap blog post. We hope you can join us! Interested in using Analytics with your Archive-It account?

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The Last Watchdog

OCTOBER 29, 2018

the Health Insurance Portability and Accountability Act (HIPAA)), the answer is generally that a company should implement a “reasonable data privacy and security program” under all circumstances. Insurability. In the absence of a law that contains prescriptive requirements (e.g.,

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IBM Big Data Hub

SEPTEMBER 11, 2023

One notable example is a prominent Japanese insurance company that leveraged Db2 PureScale on AWS. Join IBM and AWS experts at IBM TechXchange Conference 2023 , the premier learning event for developers, engineers, and IT practitioners. Visit the IBM watsonx.data software-as-a-service (SaaS) listing in AWS Marketplace.

Customer Experience 114

Customer Experience Cloud Data migration Digital transformation 114

Data Matters

SEPTEMBER 3, 2020

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.

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IT Governance

FEBRUARY 22, 2022

By managing risks, organisations gain a comprehensive understanding of the specific ways that they could suffer data breaches and other disruptive events, and the steps they can take to protect themselves. In this blog, we explain how you can create such a system and the benefits of doing so. appeared first on IT Governance UK Blog.

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IT Governance

NOVEMBER 7, 2018

All organisations experience disruptions, whether that’s from a cyber attack, IT failure, weather event or something else, and they need to be prepared. Disaster recovery is effectively a form of insurance; you are spending money preparing for a scenario that you hope never occurs. Why you need a disaster recovery plan.

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Data Matters

DECEMBER 10, 2019

This post summarizes the practical measures that may be adopted to protect your firm against cyberattacks and the keys to successful crisis management in the event that an unauthorized data breach occurs. Insurance: The firm should communicate with its insurance company and review policy coverage. Crisis Management.

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Data Matters

DECEMBER 10, 2019

This post summarizes the practical measures that may be adopted to protect your firm against cyberattacks and the keys to successful crisis management in the event that an unauthorized data breach occurs. Insurance: The firm should communicate with its insurance company and review policy coverage. Crisis Management.

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Data breaches Insurance Authentication Risk 60