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A repository for the most well-read content on JD Supra at any given time, along with occasional roundups of popular content by specific topic. Also stop by for monthly recaps of hot articles for the previous... more +
A repository for the most well-read content on JD Supra at any given time, along with occasional roundups of popular content by specific topic. Also stop by for monthly recaps of hot articles for the previous thirty days. less -
McGuireWoods LLP

Navigating Cybersecurity and Data Privacy Regulations in the Insurance Industry

McGuireWoods LLP on

For over 100 years, the National Association of Insurance Commissioners (NAIC) has been developing model legislation to encourage uniformity among states for the regulation of insurance products. The NAIC model laws and...more

Bond Schoeneck & King PLLC

The Impact of Merck’s NotPetya Policy Claims and a Reported Settlement

Bond Schoeneck & King PLLC on

By definition, insurance policies represent an exercise in planning for (and hedging against) catastrophe. Cyber insurance for the healthcare industry is no exception. But any hedge is only as good as it’s reliable. Many...more

Faegre Drinker Biddle & Reath LLP

Insurance Industry: Mid-2023 Privacy and Data Security Updates

Faegre Drinker Biddle & Reath LLP on

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

Woodruff Sawyer

Data Breaches Often Start with Insecure Authentication

Woodruff Sawyer on

In today’s modern and often hybrid workplace, there is no magic bullet for preventing data breaches—they can come from a variety of angles and thus require a vigilant, multifaceted approach. Implementing a wide-reaching...more

Farella Braun + Martel LLP

Using Multi-Factor Authentication as a Prerequisite to Cyber Liability Coverage

Farella Braun + Martel LLP on

Multi-factor authentication (MFA) is more than an annoying popup or text message when logging onto a company’s website or platform. Not only is using MFA a sound security practice and good business, it is frequently becoming...more

Faegre Drinker Biddle & Reath LLP

Insurance Privacy, Cybersecurity and Data Strategy: Mid-2022 Updates

Faegre Drinker Biddle & Reath LLP on

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

Locke Lord LLP

NAIC Insurance Data Security Model Law Update: Vermont Becomes 22nd State

Locke Lord LLP on

Vermont Governor Scott signed the Vermont Insurance Data Security Law (available here) (the “VIDSL”), becoming the 22nd state to adopt a cybersecurity statute based on the National Association of Insurance Commissioners...more

J.S. Held

How to Avoid the Most Common Causes of Cybersecurity Incidents

J.S. Held on

Cybercrime is at an all-time high, with just the cybercrime insurance industry alone expecting to grow from $8 billion globally in 2020 to $20 billion by 2025.1 Although cyber liability insurance policies now exist to help...more

Brooks Pierce

Rethinking Your Cyber Insurance Needs as Your Workplace Evolves

Brooks Pierce on

The past 20 months have created a lot of transitions in how people work. Some companies still have the majority of their employees working remotely and intend to keep it that way permanently. Other businesses have tried to...more

Woodruff Sawyer

[Virtual Event] Cyber Insurance Trends – Looking Ahead to 2022 - January 25th, 10:00 am - 11:00 am PDT

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Cyber liability insurance is becoming more ubiquitous, more unpredictable, and in some cases more confusing than ever, which makes understanding your risk even more critical in 2022. Join Woodruff Sawyer experts Dan Burke,...more

Troutman Pepper

Wisconsin Enacts Insurance Data Security Law Requiring Notification of Cybersecurity Incidents to Insurance Commissioner Within...

Troutman Pepper on

Entities that collect Wisconsin residents’ personal information and are licensed, registered, or authorized (licensee) with the Office of the Commissioner of Insurance (commissioner) will have to abide by a new data security...more

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

Wisconsin Adopts New Insurance Cybersecurity Law

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

On July 15, 2021, Wisconsin Governor Tony Evers signed Act 73 (Act) into law, making Wisconsin the latest state to adopt the National Association of Insurance Commissioner's (NAIC) model cybersecurity law. Most recently, Iowa...more

Faegre Drinker Biddle & Reath LLP

NAIC Insurance Data Security Model Law (MDL-668) Update

Faegre Drinker Biddle & Reath LLP on

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

Farella Braun + Martel LLP

[Webinar] Cyber Insurance for the Cannabis Industry - June 1st, 10:00 am - 11:00 am PT

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Cannabis businesses have cyber security and privacy risks. While the risks are varied, many arise from the businesses’ holding of highly sensitive consumer information or confidential data about business partners. Cannabis...more

Goodwin

Fintech 2020: A Global Survey on the State of Financial Technology

Goodwin on

Letter from Our Co-Chairs - As the digital transformation of financial markets accelerates at breakneck speeds, fintech presents significant opportunities and challenges for both investors and innovators around the world. ...more

Farella Braun + Martel LLP

Time to Check Your Cyber Insurance

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Now that the CCPA is in effect, some companies will need to revise their policies. The cyber insurance markets are beginning to adapt to the new California Consumer Privacy Act (CCPA) which went into effect on January 1. ...more

Roetzel & Andress

Cyber Insurance – Are You Covered?

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Over two-thirds of all businesses and organizations have had at least one cyberattack in the last two years, with half of those attacks targeted at small businesses. When these attacks hit, businesses may believe they have...more

Cooley LLP

Blog: Data Privacy Draws Increased Scrutiny From Insurance Regulators

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Data privacy has become an increasing area of focus for many of our insurtech clients as they work to ensure they are in compliance with the EU General Data Protection Regulation and the California Consumer Privacy Act, which...more

Cooley LLP

Blog: D&O Coverage for Cyber and Privacy Related Exposure

Cooley LLP on

It goes without saying that cybersecurity is a top D&O liability concern for organizations today. According to Willis Towers Watson’s 2018 Management Liability (Directors and Officers) U.S. Survey, respondents cited cyber...more

Skadden, Arps, Slate, Meagher & Flom LLP

Privacy & Cybersecurity Update - August 2019

Skadden, Arps, Slate, Meagher & Flom LLP on

In this month's edition of our Privacy & Cybersecurity Update, we examine the European Parliament's report on whether and how the use of blockchain technology can comply with the General Data Protection Regulation, as well as...more

Alston & Bird

New Hampshire Passes Insurance Data Security Law

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New Hampshire recently passed its Insurance Data Security Law based on the National Association of Insurance Commissioner’s (NAIC) Insurance Data Security Model Law. The law will go into effect January 1, 2020....more

Bricker Graydon LLP

Attorney General Yost announces multistate data breach settlement with Premera

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Ohio Attorney General Dave Yost recently announced a multistate settlement that will require health insurance company Premera Blue Cross to pay $10 million following a breach of protected health information (PHI). According...more

Locke Lord LLP

New Hampshire Takes the NAIC Plunge

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On August 2, 2019, New Hampshire became the most recent of many states that adopted an Insurance Data Security Law (Senate Bill 194-FN) modeled after the National Association of Insurance Commissioners’ (NAIC) Insurance Data...more

Ballard Spahr LLP

Delaware and New Hampshire Join Growing List of States With New Insurance Data Security Laws

Ballard Spahr LLP on

Delaware (July 31, 2019) and New Hampshire (August 2, 2019) have become the latest states to add to the insurance cybersecurity landscape by enacting information security laws.  These laws come on the heels of Connecticut’s...more

Locke Lord LLP

Connecticut Adopts Insurance Data Security Law

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To date, six states from Michigan to Alabama have adopted versions of the National Association of Insurance Commissioner’s model insurance data security law (the “NAIC model”). The NAIC model generally requires entities...more

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