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Insurance in a Time of Transition: Highlights From the 16th Annual NFI Insurance Public Policy Summit

Biden administration priorities, NAIC direction, diversifying the talent pipeline in the insurance space and the insurance industry’s response to the COVID-19 pandemic were among the issues covered during the 16th annual...more

New State and Federal Privacy Developments Add Complexity to Privacy Landscape

As insurance companies continue to examine their compliance with current privacy and cybersecurity regulations, new state laws and proposed federal bills add another level of complexity to the landscape. Federal - The...more

Catching up on the NAIC Data Security Model Law, Part 2

As insurers continue to grapple with a number of pressing issues — COVID-19 lockdown, an effective California Consumer Privacy Act, and the pending California Privacy Rights Act — many may have lost track of states’ actions...more

NAIC Adopts Principles for Artificial Intelligence

On August 14, the National Association of Insurance Commissioners (NAIC) adopted principles for artificial intelligence that were developed over the last year by the NAIC’s Artificial Intelligence Working Group....more

NAIC's Artificial Intelligence Working Group Adopts Principles for AI

On June 30, the National Association of Insurance Commissioners' (NAIC) Artificial Intelligence Working Group approved principles that call on insurers and others using artificial intelligence (AI) to take proactive steps to...more

State Insurance Departments Issue Guidance to Life and P&C Insurers Concerning COVID-19 (Updated #2)

State insurance departments across the country are continuing to provide guidance in response to the coronavirus outbreak. Faegre Drinker has aggregated a list of current guidance from state departments of insurance...more

State Insurance Departments Issue Guidance to Life and P&C Insurers Concerning COVID-19 (Updated)

State insurance departments across the country are continuing to provide guidance in response to the coronavirus outbreak. Faegre Drinker has aggregated a list of current guidance from state departments of insurance...more

State Insurance Departments Issue Guidance to Life and P&C Insurers Concerning COVID-19

State insurance departments across the country are continuing to provide guidance in response to the coronavirus outbreak. Faegre Drinker has aggregated a list of current guidance from state departments of insurance...more

California Consumer Privacy Act Comes Into Focus as Amendments Pass Legislature

The end of the year is quickly approaching, and with it so too is the effective date for the California Consumer Privacy Act (CCPA) – January 1, 2020. Over the summer the California Legislature debated various proposed...more

Fall 2019 State Elections: An Insurance View of the ‘Mid-Mid-Terms’

As the run-up to the 2020 presidential election gathers steam, it’s easy to gloss over the major gubernatorial and insurance commissioner races slated for Fall 2019. These oddly scheduled elections (we’ve nicknamed them the...more

The Federal Government Enters the Big Data Fray

As the spotlight brightens on the financial services industry’s use of data, Senate Banking, Housing, and Urban Affairs Committee Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH) officially began their work...more

New York Takes the Lead on Insurers’ Use of Big Data and Algorithms

Nature abhors a vacuum, and the New York Department of Financial Services filled a big one with Insurance Circular Letter No. 1 (2019), which was issued on January 18. The circular letter addresses the use of external...more

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