NAIC Report: 2017 Spring National Meeting (April 21, 2017)
Posted on Apr 21, 2017 in Insurance | Comments Off on NAIC Report: 2017 Spring National Meeting (April 21, 2017)
The NAIC’s 2016 Annual Report is titled, “Inspiring Innovation” and the themes of innovation and the new capabilities that technology offers were evident throughout the weekend. In March, the NAIC announced the creation of a new Innovation and Technology (EX) Task Force that is intended to help regulators stay on top of technological developments impacting the insurance industry. Learn...
New York Adopts Cybersecurity Requirements
Posted on Apr 1, 2017 in Cybersecurity, Insurance | Comments Off on New York Adopts Cybersecurity Requirements
In their article for Captive Insurance Company Reports, Eversheds Sutherland (US) attorneys P. Bruce Wright, Saren Goldner and Daren Moreira discuss New York Department of Financial Services’ (DFS) final rule that established cybersecurity requirements for financial services companies (including insurance companies) regulated by the DFS. Learn more.
Addressing Data Privacy Concerns in NHTSA V2V Rules
Posted on Mar 2, 2017 in Government, Insurance | Comments Off on Addressing Data Privacy Concerns in NHTSA V2V Rules
The National Highway Traffic Safety Administration (NHTSA) recently issued a notice of proposed rulemaking that would require vehicle-to-vehicle (V2V) communications capabilities in all new light vehicles starting two model years after the final rule is adopted. If adopted, this rule would enable cars to generate and receive an enormous amount of data from and about every new car on...
NAIC Task Force Hosts Insurance Data Security Model Law Meeting
Posted on May 27, 2016 in Uncategorized | Comments Off on NAIC Task Force Hosts Insurance Data Security Model Law Meeting
On May 24 and 25, the National Association of Insurance Commissioners (the “NAIC”) Cybersecurity (EX) Task Force (the “Task Force”) hosted a meeting in which state insurance commissioners and interested parties were invited to provide comments to and voice concerns about the current draft of the Insurance Data Security Model Law (the “Model Law”). This Model Law is designed to...
EU-U.S. Privacy Shield – Full Text Released
Posted on Mar 9, 2016 in Energy and Infrastructure, Financial Services, Insurance | Comments Off on EU-U.S. Privacy Shield – Full Text Released
On February 29, 2016, the European Commission released the text of the EU-U.S. Privacy Shield. The text reveals the details of a new framework that will place stronger obligations on U.S. companies to protect the personal data of EU citizens. It will also involve heightened compliance requirements and authorizes enforcement measures by the U.S. Department of Commerce (Commerce) and the...
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