Privacy & Cybersecurity Newsletter
Read about the latest in CCPA, GDPR, NY DFS, NAIC and State Updates in Privacy Law, and more in the current Locke Lord Privacy & Cybersecurity Newsletter.
Read MoreTopic: Regulatory
Complimentary Webinar: Insurance IT Strategy and Regulatory Compliance: AI, CCPA and NY DFS
Locke Lord LLP and Novarica will look at new regulatory developments in analytics, use of data, and data security that have the potential to affect insurer technology strategy. This webinar covers the potential effects of regulation on the use of analytics and AI in life insurance underwriting, how privacy requirements may affect insurer data governance and MDM strategies, and how third-party data security requirements may affect distribution technology strategies.
Read MoreNew Hampshire Takes the NAIC Plunge
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 Security Model Law. New Hampshire Governor Chris Sununu signed Senate Bill 194-FN (SB194) into law requiring insurance companies licensed in NH (“Licensees”) to implement information security programs, and to report cybersecurity events.
Read MoreConnecticut Adopts Insurance Data Security Law
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 licensed or authorized to operate under a state’s insurance laws to develop a cybersecurity program, investigate and report data breaches, and certify compliance with the law to the state’s insurance commissioner. Connecticut joined the growing list of states that have adopted a version of the NAIC model, buried in a budget bill, when Governor Ned Lamont signed Public Act 19-117 (the “Act”), on June 26, 2019, effective in relevant part on October 1, 2020.
Read MoreYou’re Invited – NAIC Summer National Meeting Cocktail Reception – August 4
Locke Lord’s Regulatory & Transactional Insurance Practice Group Invites You to a Cocktail & Hors d’oeuvre Reception During the NAIC National Summer Meeting
Read MoreLocke Lord Receives Deal of the Year Award From The Deal for Role in CVS Health’s Acquisition of Aetna
The Deal has awarded Locke Lord with its 2019 Deal of the Year distinction for the Firm’s role as national insurance regulatory counsel to CVS Health in its completed acquisition of Aetna. The honor was announced at the June 20 ceremony for The Deal Awards, which recognize leading lawyers, bankers, advisers and investors who are setting the trends in the industry.
Read MoreLocke Lord QuickStudy: New Washington Statutory Financial Requirements for Providers of Service Contracts and Protection Product Guarantees Effective July 28, 2019
Washington H.B. 1001 was enacted on April 8, 2019, and will take effect on July 28, 2019.1 H.B. 1001 makes changes to Wash Rev. Code Chapter 48.110 governing service contracts and protection product guarantees which permit new items to be covered under service contracts and establishes new minimum net worth and financial responsibility requirements for service contract providers.
Read MoreMike Rohan Elected to IRES Board
Chicago Of Counsel Mike Rohan has been elected to the Board of Directors of the Insurance Regulatory Examiners Society (IRES) Foundation. The Foundation’s mission is to promote professionalism and education in the insurance regulatory community and to educate the private sector about state insurance regulation.
Read MoreBen Sykes Provides Testimony on NAIC Anti-Rebating Law
Chicago partner Ben Sykes provided testimony on the NAIC Anti-Rebating law’s impact on innovation today at the NAIC Innovation & Technology Task Force at the NAIC Insurance Summit, in Kansas City.
Read MoreIt’s Not Too Late to Register – Locke Lord Invites You to a Cocktail Reception During the NAIC National Spring Meeting – April 7
Locke Lord’s Regulatory & Transactional Insurance Practice Group Invites You to a Cocktail & Hors d’oeuvre Reception During the NAIC National Spring Meeting in Orlando, FL
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