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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. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

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The Good, Bad, And The Ugly: Key Takeaways From California’s New Privacy Law

Privacy and Cybersecurity Law

California law also requires businesses that suffer a breach of security to disclose the breach to consumers, and in some instances law enforcement, if sensitive information is compromised. Consumers will be permitted to request that a business disclose both the categories and specific pieces of the personal information collected.

Privacy 58
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The Good, Bad, And The Ugly: Key Takeaways From California’s New Privacy Law

Privacy and Cybersecurity Law

California law also requires businesses that suffer a breach of security to disclose the breach to consumers, and in some instances law enforcement, if sensitive information is compromised. Consumers will be permitted to request that a business disclose both the categories and specific pieces of the personal information collected.

Privacy 58
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Safety Stock

Ascent Innovations

Safety stock serves as an insurance or a cushion for manufacturers and retailers against possible out of stock situations for an item. Erosion of Market Share: Poor service delivery due to stock out starts with the erosion of customer base and ends with the erosion of market share. How to use ABC classification?

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The Week in Cyber Security and Data Privacy: 11 – 18 December 2023

IT Governance

We’re also introducing two new categories this week: ‘AI’ and ‘Key dates’. An investigation determined that personal data, including names, addresses, phone numbers, Social Security numbers, dates of birth and bank account numbers, belonging to nearly 15 million people was obtained by an unauthorised party between 30 October and 1 November.