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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.

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Regulatory Update: NAIC Fall 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. For example, the Template allows for: (a) multiple grouping options (e.g.,

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Data Innovator Spotlight - Interview with Charles Joseph, DataZed

Reltio

Years in Position: Over 10 years. 1-2 Previous Roles & Companies: Worked as a consultant with general insurers, Lloyd’s market firms, brokers and reinsurers, including Beazley Group and RSA. Summary: Charles specializes in data governance, data quality and data strategy for the insurance industry.

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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

For example, SEC guidance from 2018 emphasizes that there is a range of factors that may affect whether an incident should be disclosed to investors beyond the bottom-line financial costs to respond to the incident. Public Companies and Service Providers. Public companies currently must disclose material cybersecurity incidents.

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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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ICAWOOD Chooses Everteam’s “Fidji” Cloud-based Document Management System for its Real Estate Assets

Everteam

It is also possible to enrich the metadata and the management rules linked to each type of document to stipulate, for example, legal retention periods or a level of confidentiality. A key player in the banking market, Jouve is a digital partner for mutual insurance companies and the health sector. www.arkibos.com/. www.arkibos.com/.

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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

In some cases, the laws or requirements are targeted for specific industries by regulatory agencies or non-governmental business associations. Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. 10 California Privacy Rights Act (CPRA).