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August 15-18, 2015
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For more information about NAIC events visit meetings page.

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State Insurance Regulators Taking Initiative on Cybersecurity Issues
Monica J. Lindeen NAIC President and Montana Insurance CommissionerMonica J. Lindeen
NAIC President and Montana Insurance Commissioner
Adam Hamm North Dakota Insurance CommissionerAdam Hamm
North Dakota Insurance Commissioner
NAIC releases Consumer Bill of Rights draft, coordinates insurer examinations to verify data security and sponsors cybersecurity forum

The NAIC is ratcheting up its efforts to tackle cybersecurity issues. Following up on its adoption of Guiding Principles for Cybersecurity this spring and developing new reporting requirements for insurers to better track cyber insurance policies issued in the marketplace, the NAIC is moving forward with three additional initiatives designed to help protect consumer information and educate the public about cyber risks.

Full Story | Cybersecurity (EX) Task Force
Consumer Cybersecurity Bill of Rights draft

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NAIC CEO MEETS WITH IOWA GOVERNOR
(L)Senator Nelson met with (R)Gov. Terry Branstad
Senator Nelson met with Gov. Terry Branstad in Washington this week to discuss NAIC initiatives that impact insurance markets in Iowa and across the country. Topics included international issues, health reform and the Department of Labor's Proposed Rule on Fiduciary Responsibilities, which the NAIC weighed in on in a comment letter.
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Regulatory Leadership Forum Informs, Educates
(L-R): NAIC President-Elect and Missouri Insurance Director John M. Huff, NAIC Secretary-Treasurer and Wisconsin Insurance Commissioner Ted Nickel, Oregon Insurance Commissioner Laura Cali and NAIC CEO Senator Ben Nelson.
The Regulatory Leadership Forum kicked off this week at the NAIC Central office in Kansas City, Mo. The forum presents state regulatory professionals with an in-depth look at topics including cybersecurity, the international regulatory landscape, catastrophe response planning, and implementation of the Affordable Care Act. The three-day forum attracted 26 attendees and concludes on July 22.
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NAIC President Lindeen Statement on Adoption of Cybersecurity and Identity Theft Coverage Supplement

"Cyberinsurance is an emerging sector, and regulators are positioned to help shape the market in a way that protects consumers and benefits companies. This supplement is an important tool that will enable regulators to effectively monitor solvency for companies writing this relatively new line of business."

Statement from Adam Hamm, North Dakota Insurance Commissioner

“The supplement will provide critical financial performance information about insurers writing cybersecurity coverage for American businesses. The potential scope of possible data breaches and business opportunities means that regulators and companies must work together to ensure that state insurance departments have the information they need to monitor this new market.”

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