On November 9, Anthony Albanese, Acting Superintendent of the New York Department of Financial Services (the NYDFS), sent a letter to the 18 members of the Financial and Banking Information Infrastructure Committee (the...more
On October 14, the National Association of Insurance Commissioners Cybersecurity Task Force (NAIC Task Force) adopted a version of the Cybersecurity Bill of Rights for insurance consumers. The Bill of Rights claims to outline...more
The National Association of Insurance Commissioners (NAIC) held its 2015 Summer National Meeting from August 13 through August 18 in Chicago, Illinois. The meeting was notable for the number of new insurance commissioners...more
9/3/2015
/ Anthem Blue Cross ,
Casualty Insurance ,
Cybersecurity ,
Earthquake Insurance ,
G-SII ,
IAIS ,
Insurance Commissioners ,
Insurance Industry ,
Life Insurance ,
NAIC ,
Premera Blue Cross ,
Professional Conferences ,
Property Insurance ,
Reinsurance ,
Sharing Economy ,
Terrorism Insurance ,
Variable Annuities ,
Working Groups
Cybersecurity continues to be an emerging regulatory issue in the insurance industry, as evidenced by recent actions taken by the New York Department of Financial Services (the “DFS”) and the National Association of Insurance...more
The NAIC has begun its efforts to amp up state insurance department oversight of cybersecurity practices with the release of two documents for public comment. The first, entitled Principles for Effective Cybersecurity...more
On February 9, the New York Department of Financial Services (DFS) released a Report on Cyber Security in the Insurance Sector (Report), summarizing the results of a survey completed by 43 insurers about their cybersecurity...more
The National Association of Insurance Commissioners (NAIC) met for its Spring National Meeting in Orlando, Florida from March 29 through April 1. Typical for the first national meeting of the year, much activity was focused...more
4/15/2014
/ Casualty Insurance ,
Corporate Governance ,
Cyber Insurance ,
Cybersecurity ,
Flood Insurance ,
Hedge Funds ,
NAIC ,
Private Equity ,
Regulation ,
Reinsurance ,
Title Insurance
On May 28, 2013, the New York State Department of Financial Services (DFS) sent inquiries to 31 of the largest life, health and property/casualty insurance companies pursuant to its authority under Section 308 of the New York...more