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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. The 9/11 attacks cost insurers and reinsurers $47 billion.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. Annuity Suitability Working Group Drafting FAQ Document to Facilitate Uniformity in State Adoption of Revised Suitability in Annuity Transactions Model Regulation.

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The benefits of AI in healthcare

IBM Big Data Hub

Artificial intelligence is used in healthcare for everything from answering patient questions to assisting with surgeries and developing new pharmaceuticals, benefitting both patients and healthcare systems. An MIT group developed an ML algorithm to determine when a human expert is needed.

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List of data breaches and cyber attacks in August 2020 – 36.6 million records breached

IT Governance

Toronto residents’ CERB payments on hold after fraudulent employment insurance claims (700) Kentucky’s unemployment system suffers another breach (unknown) Defence supplier PULAU Corporation says it has been hacked (unknown) American Payroll Association notifying those affected by cyber attack (unknown). Cyber attacks. Hitachi Chemical Co.

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List of Data Breaches and Cyber Attacks in April 2023 – 4.3 Million Records Breached

IT Governance

Shields Health Care Group The largest data breach of April 2023 was at the Shields Health Care Group, a Massachusetts-based medical services provider. Additionally, billing information, insurance numbers and other financial details were stolen in the attack. Biggest data breaches of April 2023 1. million people.

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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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Benefits of Enterprise Modeling and Data Intelligence Solutions

erwin

In particular, the tool helped them to design their qualification review, which is necessary in a pharmaceutical business. a senior manager, data governance at an insurance company with over 500 employees. Data Governance with erwin Data Intelligence. They have documented 200 business processes in this way. For Rick D.,

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