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NAIC Data Collection

BCLP

The Future of Insurance - Colorado’s New ECDIS and AI Model Regulations

BCLP on

On September 21, 2023, the Colorado Division of Insurance adopted a Final Regulation implementing S.B. 21-169, the 2021 law governing Colorado-licensed insurers’ use of external consumer data and information sources (ECDIS),...more

Eversheds Sutherland (US) LLP

Federal Insurance Office announces plans for “first of its kind” climate data call on homeowners’ insurance

On November 1, 2023 the Department of the Treasury’s Federal Insurance Office (FIO) formally submitted a request to proceed with a climate-related financial risk data collection for homeowners’ multi-peril underwriting data...more

Locke Lord LLP

NAIC Privacy Protections Working Group Moves Forward to Revise Consumer Privacy ‎‎Protections Model Act

Locke Lord LLP on

The NAIC is developing a new Consumer Privacy Protections Model Act (# 674) which will ‎replace the preexisting Insurance Information & Privacy Protection Model Act (# 670) and ‎Privacy of Consumer Financial & Health...more

Husch Blackwell LLP

New NAIC Privacy Model Law Would Significantly Impact Insurer Compliance Requirements

Husch Blackwell LLP on

The National Association of Insurance Commissioners (NAIC) Privacy Protection Working Group (PPWG) released Insurance Consumer Privacy Protection Model Law #674 (Model 674) on February 1, 2023. New Model 674 was expressly...more

Hinshaw & Culbertson - Privacy, Cyber & AI...

Iowa Becomes the Latest State to Adopt the NAIC Model Cybersecurity Law

On April 30, 2021, Iowa Governor Kim Reynolds signed into law the Iowa Insurance Data Security Act, making Iowa the latest state to adopt the National Association of Insurance Commissioner's model cybersecurity law. Effective...more

Mitchell, Williams, Selig, Gates & Woodyard,...

NAIC/Texas Department of Insurance COVID-19 Information Request Template

The National Association of Insurance Commissioners (NAIC), with industry input, developed a survey for gathering information related to the impact of COVID-19 on insurers and how insurers are responding to this unprecedented...more

Carlton Fields

Innovation and Technology at the NAIC 2019 Fall Meeting

Carlton Fields on

Several NAIC groups continued addressing issues related to innovation in the life insurance industry as follows...more

Morgan Lewis

New Laws And Regulations: Insights For 2020

Morgan Lewis on

A constantly evolving framework of laws governing how multinational businesses can contact customers to how nonprofits report business income to how overtime is calculated and paid will influence how companies do business...more

Faegre Drinker Biddle & Reath LLP

Big Data Is a Big Deal: A Brief Guide to Data Analytics and the Insurance Industry

Admit it: you have a nagging feeling that you should learn more about the insurance industry’s use of big data and algorithms, but you don’t know where to begin. Relax. Here are six questions (and answers) to help you get...more

Eversheds Sutherland (US) LLP

NAIC Task Force Continues Work on Insurance Data Security Model Law

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...more

Foley & Lardner LLP

NAIC Cybersecurity Task Force Adopts Cybersecurity Bill of Rights

Foley & Lardner LLP on

On October 14, 2015, the National Association of Insurance Commissioners’ (NAIC) Cybersecurity Task Force adopted the Cybersecurity Bill of Rights, a document meant to inform consumers of the services they can expect from...more

Carlton Fields

Telematics and Usage-Based Insurance

Carlton Fields on

The NAIC’s Center for Insurance Policy and Research (CIPR) released a white paper analyzing the future of "telematics" in premium rate-making by auto insurers. Telematics allow for the measurement of actual driving...more

Carlton Fields

Telematics and Usage-Based Insurance: Benefits, Challenges, and the Future

Carlton Fields on

The NAIC’s Center for Insurance Policy and Research (CIPR) released a white paper in March 2015 providing an excellent overview of the brave new world of automobile “telematics” data and their use in premium rate-making by...more

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