Maine One of Latest States to Enact NAIC-Inspired Insurance Data Security Act
Maine is one of the latest states to enact its own version of the National Association of Insurance Commissioners (NAIC) model data security law, signing the Maine Insurance Data Security Act into law on March 17.
The NAIC Insurance Data Security Model Law was formally adopted in 2017 and aims to establish data security standards for regulators and insurers to mitigate damage from a data breach. It has since been adopted by several U.S. states, with Maine and North Dakota being two of the latest.
“The NAIC model development has received wide attention in the industry from interested parties, including trade groups representing insurers and producers,” Maine Bureau of Insurance Superintendent Eric Cioppa told Insurance Journal in emailed comments. “…Maine has actively participated in the development of the NAIC model law, which Maine’s new law is based upon.”
Medicare and Medicaid Programs; Quarterly Listing of Program Issuances–January Through March 2021
Health & Human Services Department & Publications
Agency:
SUMMARY: This quarterly notice lists CMS manual instructions, substantive and interpretive regulations, and other
Federal Register notices that were published from January through
March 2021, relating to the Medicare and Medicaid programs and other programs administered by CMS.
FOR FURTHER INFORMATION CONTACT: It is possible that an interested party may need specific information and not be able to determine from the listed information whether the issuance or regulation would fulfill that need. Consequently, we are providing contact persons to answer general questions concerning each of the addenda published in this notice:
By Alwyn Scott NEW YORK (Reuters) - U.S. regulators should strengthen their oversight of insurers to prevent potential overcharging and discrimination.
Consumer Watchdog Urges Tougher US Oversight of Insurance Costs, Discrimination By Alwyn Scott | April 30, 2021
U.S. regulators should strengthen their oversight of insurers to prevent potential overcharging and discrimination in selling coverage for cars and homes, a consumer watchdog group said on Thursday.
The campaign by the Consumer Federation of America (CFA) comes after an industry group removed protections that required rates for coverage to reflect the costs, a principle the industry has adhered to since 1988.
The Casualty Actuarial Society (CAS), a trade organization, in December rescinded three related principles that govern how insurance companies calculate the rates they charge for property and casualty coverage.
Millions of Americans Rely on Cars. Insuring Them Shouldn t Be Discriminatory | Opinion Alex Timm
, CEO, Root Insurance On 4/30/21 at 8:30 AM EDT
Over 70 years ago this month, 16 men and women, led by Bayard Rustin, boarded a bus in Washington, D.C., for a two-week Journey of Reconciliation. Their goal was to expose the discrimination people of color routinely faced on America s roads.
While progress has been made since that journey began nearly three quarters of a century ago, there is still much important work to be done to eliminate the inequities that remain entrenched in our transportation economy.
Perhaps no practice is more archaic and more widespread than the use of credit scores to determine car insurance rates.