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Regulatory Update: NAIC Summer 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

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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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2019 end-of-year review part 1: January to June

IT Governance

US food giant Mondelez sued insurance company Zurich American for denying a $100 million (£77 million) claim filed after the NotPetya attack. Many people speculated that Huawei’s close ties with the Chinese government presented security risks, and thus the organisation should only be used for “non-core” parts of the system.

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Privacy and Cybersecurity Top 10 for 2018

Data Matters

At present, litigation of this type has typically failed at the pleadings stage due to plaintiffs’ failure to demonstrate the “injury in fact” necessary for Article III standing. State legislatures, insurance commissions, attorneys general and regulatory agencies are moving to develop detailed cybersecurity requirements.