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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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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 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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The Week in Cyber Security and Data Privacy: 1 – 7 January 2024

IT Governance

million people was compromised, including names, addresses, dates of birth, Social Security numbers, taxpayer identification numbers, medical information, health insurance information, and billing and claims information. Only 1 definitely hasn’t had data breached. The FTC will accept submissions until 12 January.

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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. The March 7, 2019, exposure drafts of the CFR Model Laws have been revised to address those comments as well as certain other comments received from interested parties.

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Nevada, New York and other states follow California’s CCPA

Data Protection Report

On May 29, 2019, Nevada enacted an amendment to its online privacy law, requiring businesses to offer consumers a right to opt-out of the sale of their personal information. Although the concept of providing consumers certain privacy rights is similar, the law has some significant differences from the CCPA, including the definition of “sale”.

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New CNIL €400,000 fine for data security breaches and non-compliance with data retention period under the GDPR

Data Protection Report

Following the now famous €50m fine imposed on Google LLC in January 2019, [1] the French Data Protection Authority (the CNIL ) published a decision taken on 28 May 2019 [2] imposing a fine of €400,000 on SERGIC, a company specialised in real estate development, purchase, sale, rental and property management. 1] CNIL, Deliberation No.

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