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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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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

Definition and Purpose of a Records Retention Schedule. Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. 8 This is the GDPR definition and other countries have similar broad definitions of personal data.

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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. 11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. NAIC Evaluating Definition of “Best Interest” to Determine Whether to Impose Such a Standard in the Suitability in Annuity Transactions Model Regulation.

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6,009,014 MovieBoxPro Accounts Breached in Another Data Scraping Incident

IT Governance

A further 381,000 New York City public school students affected by 2022 data breach In January 2022 , personal data from around 820,000 New York City public school students, both current and former, was breached. None definitely haven’t had data breached. Source 1 ; source 2 (Update) Insurance USA Yes 75,101 Airsoftc3.com

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The Week in Cyber Security and Data Privacy: 22 – 28 January 2024

IT Governance

Only 1 definitely hasn’t had data breached. Source (New) Retail USA Yes 2,588,849 Keenan & Associates Source 1 ; source 2 (Update) Insurance USA Yes 1,509,616 AGC Group Source (New) Manufacturing Japan Yes 1.5 We’ve also found 6 organisations providing a significant update on a previously disclosed incident. The attack saw 9.7