The first half of 2023 saw a flurry of activity in the privacy and data security spaces. We outline below some of the key developments of interest to the insurance industry....more
On February 1, 2023, the NAIC Privacy Protections Working Group (PPWG) released a draft of Model Law 674 Insurance Consumer Privacy Protection Model Law (Model 674 or Model). Proposed Model 674 is intended to replace Model...more
The first half of 2022 brought plenty of activity in the data privacy and cybersecurity space, much of which is applicable to or of interest to the insurance industry. We outline some of this activity below.
Revisions to...more
On December 22, 2021, Gov. Kathy Hochul signed Senate Bill S653A, relating to electronic delivery of property/casualty insurance notices. This bill amends the New York Insurance Law by adding section 3458, which takes effect...more
The NAIC Data Security Model Law (Model 668) continues its journey through the various state legislatures. Whether all 50 states meet the U.S. Treasury-recommended 2022 deadline for adoption of uniform data security...more
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
Florida has enacted House Bill 1189, which prohibits life and long-term care insurers from canceling, limiting, or denying coverage or adjusting premium rates based on genetic information.
As we previously reported, the...more
Consumer credit history has been used by the insurance industry since the 1990s, when the Fair Isaac Corporation (FICO) introduced credit-based insurance scores. These scores assist insurance companies with risk management by...more
State insurance departments across the country are continuing to provide guidance in response to the COVID-19 outbreak. In this update, Faegre Drinker spotlights the current Texas Department of Insurance (TDI) guidance with...more
State insurance departments across the country are continuing to provide guidance in response to the COVID-19 outbreak. In this update, Faegre Drinker spotlights the current Illinois Department of Insurance (Department)...more
State insurance departments across the country are continuing to provide guidance in response to the COVID-19 outbreak. In this update, Faegre Drinker spotlights the current Maryland Insurance Administration (MIA) guidance...more
State insurance departments across the country are continuing to provide guidance in response to the COVID-19 outbreak. In this update, Faegre Drinker spotlights the current Washington State Office of the Insurance...more
State insurance departments across the country are continuing to provide guidance in response to the COVID-19 outbreak. In this update, Faegre Drinker spotlights the current California Department of Insurance (CDI) guidance...more
3/31/2020
/ Auto-Renewal ,
Business Interruption ,
Coronavirus/COVID-19 ,
Department of Insurance ,
DMV ,
Driver's Licenses ,
Health Care Providers ,
Insurance Industry ,
Operators of Essential Services ,
Premiums ,
Reporting Requirements ,
State and Local Government ,
Telehealth
State insurance departments across the country are continuing to provide guidance in response to the COVID-19 outbreak. In this update, Faegre Drinker spotlights the current Florida Office of Insurance Regulation (OIR)...more
On January 29, the Florida House of Representatives passed a bill (HB 1189) that would prohibit life and long-term care insurers from canceling, limiting, or denying coverage or adjusting premium rates based on genetic...more
In 2019, many of us were so consumed by preparations for the January 1, 2020, effectiveness of the CCPA that we may have lost track of activities concerning state enactment of the NAIC Insurance Data Security Model Law. To...more
Earlier this year, California legislators proposed A.B. 981 (“the proposal”), which, among other things, would have exempted insurance institutions, agents and support organizations (“insurers”) from many provisions of the...more
In response to numerous comments regarding the California Consumer Privacy Act (CCPA), on February 21, 2019, Assembly Member Tom Daly (D-CA 69th) proposed AB 981, designed to clarify the privacy protection laws applicable to...more
4/29/2019
/ California Consumer Privacy Act (CCPA) ,
California Financial Information Privacy Act (CFIPA) ,
Consumer Privacy Rights ,
Data Privacy ,
Exemptions ,
Gramm-Leach-Blilely Act ,
Insurance Industry ,
Insurance Information and Protection Act ,
Notice Requirements ,
Personal Data ,
Personally Identifiable Information ,
Private Right of Action ,
Proposed Amendments ,
Security and Privacy Controls