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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

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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Ohio Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

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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Michigan Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

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. MCL § 500.561.

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China: Navigating China episode 18: Increased scrutiny over connected car and automobile industry data from Chinese regulators, including push towards data localisation

DLA Piper Privacy Matters

Increased scrutiny over connected car and automobile industry data from Chinese regulators, including push towards data localisation. Data localisation of personal information and important data: the regulators expect personal information and important data of the automobile industry to be processed and stored in Mainland China.

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Data analytics – how should insurers look to the future?

CGI

Data analytics – how should insurers look to the future? With a plethora of new data sources across the property and casualty (P&C) general insurance lifecycle now becoming available, how do insurers create an all-encompassing data analytics policy for the future? Tue, 09/12/2017 - 03:00. Connected and monitored energy usage.

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‘The Organist Entertains’ – reaction to the insurance Ogden discount rate cut

CGI

‘The Organist Entertains’ – reaction to the insurance Ogden discount rate cut. When I first saw the word ‘Ogden’ in the Insurance press I was immediately reminded of the long running BBC programme ‘the organist entertains’ hosted by Nigel Ogden. ravi.kumarv@cgi.com. Wed, 03/01/2017 - 05:02. I propose an alternative approach.

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Insurers’ role will be critical in improving cybersecurity standards

CGI

Insurers’ role will be critical in improving cybersecurity standards. And, of course, our world is becoming increasingly digital in nature, with all kinds of services—from finance to health, energy and tax affairs—becoming digitally delivered. Wed, 08/31/2016 - 08:00.