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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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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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Final Draft of EU AI Act Leaked

Hunton Privacy

The leaked text substantially diverges from the original proposal by the European Commission, which dates back to 2021. This follows the definition proposed by the European Parliament, which is aligned with the Organization for Economic Co-operation and Development’s definition of AI. High Risk AI Systems. Transparency Risks.

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Regulatory Update: NAIC Spring 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. Other notable revisions include the following: The definition of “Reciprocal Jurisdiction” was broadened to include U.S. This post summarizes the highlights from this meeting.

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The Week in Cyber Security and Data Privacy: 5 – 11 February 2024

IT Governance

Compromised data includes policyholders’ and their families’ civil status, dates of birth and social security numbers, as well as the name of their health insurer and information relating to their contracts. Only 2 definitely haven’t had data breached. The previous record figure – $983 million – was set in 2021.