Tag archives: insurance

NYDFS issues significant guidance on insurers using AI or external data

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing. This Proposed Circular does not create or change any legislation, but once finalized, will … Continue reading

Autonomous Vehicles – Canada’s Current Legal Framework: Liability in Motor Vehicle Accidents (Part 3)

As autonomous vehicle (AV) technology continues to grow in functionality and sophistication, it is only a matter of time before AVs become commercially available across Canada. The arrival of autonomous vehicles in Canada will raise a number of liability-related questions that touch on the areas of owner liability, product liability, and auto insurance. In this … Continue reading

Fourth Circuit Holds that CGL Policy Covers Data Breach Class Action

Data Protection Report - Norton Rose FulbrightOn April 11, 2016, the Fourth Circuit Court of Appeals upheld a ruling by the Eastern District of Virginia that two Commercial General Liability (“CGL”) insurance policies required an insurer cover the defense of a medical records company in a class-action claim relating to alleged failure to secure patients’ medical records.[1]… Continue reading

NAIC adopts cybersecurity guidance for insurance regulators and the insurance industry

Data Protection Report - Norton Rose FulbrightThe National Association of Insurance Commissioners (“NAIC”), a standards-setting organization comprised of insurance regulators from across all U.S. jurisdictions, has recently adopted twelve Principles for Effective Cybersecurity Insurance Regulatory Guidance (the “Principles”).  The Principles arrive in in the wake of the prominent Anthem data breach, highlighting the importance of protecting sensitive personal data in the … Continue reading
LexBlog