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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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Ransomware Protection in 2021

eSecurity Planet

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. Also Read: Best Encryption Tools & Software for 2021. Screenshot example. Raising awareness about ransomware is a baseline security measure. Staff Awareness. Spam Filter.

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Australian Privacy Regulator Sues in Data Breach Case

Hunton Privacy

The Publicly Available Facts Australian Clinical Labs Limited is listed on the Australian Securities Exchange and operates one of the largest pathology businesses in Australia. The company acquired Medlab Pathology (“Medlab”) in December 2021. Approximately 11 months later, proceedings were filed in the Federal Court of Australia.

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Chronicle of a Records Manager: Controlling the Chaos of Disaster Response and Recovery

ARMA International

These undertakings require planning, communication, documentation, and collaboration to be successful. On the 29th of August, 2021, New Orleans felt the impacts of Hurricane Ida. On August 27, 2021, the OAR staff worked on hurricane preparations. The category four hurricane inundated the city with wind and rain.

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Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

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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. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

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CCPA Marches On: California Attorney General Proposes Further Revisions to CCPA Regulations, Industry Pleads for Enforcement Delay Amid COVID-19 Crisis

Data Matters

On March 11, 2020, the California Attorney General (“AG”) released the third turn of proposed California Consumer Privacy Act (“CCPA”) regulations. The AG’s revised March 2020 proposed regulations provide an example of how a business may respond to a request to know that may include biometric information.

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