Posts tagged insurance

cyber security, David Navetta, insurance, Richard Santalesa David Navetta cyber security

InfoLawGroup Attorneys Co-Author Social Media Risk Whitepaper

By InfoLawGroup LLP on August 03, 2011

Building on the InfoLawGroup's depth of experience in social networking and social media, Attorneys David Navetta and Richard Santalesa have co-authored a new whitepaper with the ACE Group, a global leader in insurance and reinsurance, entitled Social Media: The Business Benefits May be Enormous, But Can the Risks - Reputational, Legal, Operational - be Mitigated?

broker-agents, brokers, California, consent, DOI, GLBA, insurance, NAIC, notice, notice of privacy practices, OAL, opt-out

As California Goes, so Goes the Nation? Part One

By InfoLawGroup LLP on November 21, 2010

Many of you probably read earlier this month that California's Office of Administrative Law approved the California Department of Insurance's proposal to repeal certain privacy regulations. The California changes actually have greater significance than may be apparent on a quick glance. Although rarely noted in the media coverage, State insurance privacy regulations across the country (not just in California) find their roots in the federal Gramm Leach Bliley Act, so California's decision to make such changes provides a helpful illustration of the extraordinarily complex and confusing web of privacy regulation that governs even small organizations in this country. Also, California's move with respect to these changes contravenes the conventional wisdom that California is a renegade pro-consumer state when it comes to privacy regulation. Many of our followers have asked me to break down this newest California development, so here goes.

insurance

The Connecticut Insurance Department Bulletin on Breach Notification

By InfoLawGroup LLP on September 14, 2010

Think there's nothing new in the world of state breach notification laws and regulations? Think again. On a Wednesday in August, the State of Connecticut Insurance Department issued Bulletin IC-25 to all regulated entities in Connecticut, including insurance producers, public adjusters, bail bond agents, appraisers, certified insurance consultants, casualty claim adjusters, property and casualty insurers, life and health insurers, health care centers, fraternal benefit societies, captive insurers, utilization review companies, risk retention groups, surplus line companies, life settlement companies, preferred provider networks, pharmacy benefit managers, and medical discount plans, requiring that ALL licensees and registrants notify the Department of any information security incident which affects any Connecticut residents. This is in addition to, and goes beyond, the existing breach notification requirements under Conn. Gen Stat. 36a-701(b). The procedural requirements set forth in the Bulletin are extensive, detailed, and will require covered organizations to act VERY quickly when they learn of a potential incident. Here are the basics.

Breach, call center, credit monitoring, cyber insurance, data security, insurance, notification

Insurers Deny Coverage for Breach Notice Costs (and why companies should consider cyber insurance coverage and why brokers should offer it)

By InfoLawGroup LLP on June 10, 2010

It was recently reported that an insurance carrier (Colorado Casualty Insurance Co.) denied coverage (and filed a lawsuit) for the $3.3 million in costs the University of Utah incurred to provide notice of a security breach involving the records of 1.7 million patients from the University's hospitals. You can find a copy of Colorado Casualty's declaratory judgment action complaint here. The University also filed its own counter claim, cross-claim and third party claim. As discussed further below, the University's cross-claim is against Perpetual Storage (the service provider that allegedly lost the data) and its third party claim is against Perpetual Storage's insurance broker (the broker that placed the insurance coverage with Colorado Casualty).

agreements, breach notice, certification, compliance, confidentiality, contracts, incident response, indemnification, information security, insurance, liability, risk management, standards

Information Security Clauses and Certifications - Part 1

By W. Scott Blackmer on January 17, 2010

Service contracts that involve protected personal information should include provisions allocating responsibility for protecting that information and responding to security breaches. Increasingly, this means incorporating specific references to applicable laws and information security standards, and often certifications of conformance.