Troutman Pepper Locke

Subscribe to Troutman Pepper Locke's Posts

A recent attempt by the Illinois legislature to significantly expand the scope of the Illinois data breach notification legislation was vetoed by Governor Rauner. As passed by the General Assembly, Illinois Senate Bill 1833 would have extended the type of information covered by the state’s breach notification law to include…
Read More Illinois Governor Vetoes Expansion of Breach Notice Requirements

Today, August 24, 2015, in a long-anticipated decision, the Third Circuit has interpreted the enforcement authority of the Federal Trade Commission under the Federal Trade Commission Act to include cyber security deficiencies as “unfair” acts or practices in or affecting commerce.  The Third Circuit affirmed the District Court’s denial of…
Read More FTC Interpreted to be Cyber Security Police

Darren T. Ellingson has been appointed Acting Director of Insurance by Arizona Governor Douglas A. Ducey.  Germaine Marks, who was the Director of Insurance, resigned to accept a position in the private sector.  Mr. Ellingson has served as the Arizona Department of Insurance Deputy Director since 2013 and   previously was…
Read More Arizona Governor Names Acting Director of Insurance

On Monday, August 17, 2015, California Assembly Bill 553 was signed by Governor Jerry Brown, and became immediately effective. AB 553 adopts much of the NAIC’s Model Corporate Governance Annual Disclosure Model Act, along with a number of measures to bring California’s Insurance Holding Company Systems Act into conformity with…

Read More California Adopts NAIC Corporate Governance Annual Disclosure Requirements

A recent report entitled “Promoting UK Cyber Prosperity: Public-Private Cyber-Catastrophe Reinsurance” issued by Long Finance examines the potential effects of cyber-catastrophe events on the economy. The report, available here, recommends the creation of a public-private cyber-catastrophe reinsurance scheme, or an extension to the existing terrorism pool, in order to…
Read More Recommendation for Cyber-Catastrophe Scheme to promote UK Cyber Competitiveness

Governor Cuomo recently signed Assembly Bill 7789, which will expand the scope of activities that insurance brokers may engage in with respect to Group Life and Group A&H insurance sales to multinational clients covering non-US employees. Under certain conditions, brokers will now be able to provide information to certain non-US…

Read More New York Creates Regulatory Safe Harbor for Certain Broker Activities Involving Non-US Entities

The Connecticut Supreme Court recently overturned a $34.7 million judgment against The Hartford Fire Insurance Company (“Hartford”) in a class action suit filed by over 1000 auto body repair shops alleging unfair trade practices by Hartford for paying the shops well below their hourly rates.

In 2009, a jury awarded…
Read More Connecticut High Court Overturns $35 million CUTPA Verdict in Auto Body Rate Case