Compliance

Obama signed an executive order intended to encourage companies to share information on Internet threats with one another and create a framework to help the private sector turn over data to federal agencies investigating data breaches.

The affected consumers are those who have not been able to prove their U.S. citizenship, the government says.

John Huff was elected Sunday to fill the spot vacated by now former Pennsylvania Insurance Commissioner Michael F. Consedine

All 56 states and territories under NAIC's purview are expected to join in the effort to figure out what happened at Anthem and how to prevent similar events in the future.

He is described as prioritizing "technology to improve the efficiency and effectiveness of license applications, renewals, complaints, enforcement actions and board and commission nominations."

Hackers are increasingly targeting organizations that house medical data -- and the consequence of a breach are steep. Here’s what CIOs need to know about the biggest insurance data breach and what they should be doing to protect sensitive files.

When the country’s second-largest health insurance company is hacked leaving the personal information of 80 million people vulnerable to identity theft, it’s a watershed moment that cannot be ignored. There is no doubt that this data breach is a wake-up call for a healthcare industry that is lacking when it comes to information security.

The most common vector of cyberattack is still poor habits by associates, says Joseph Smith, former CIO of Arkansas Blue Cross and Blue Shield.

A Manhattan federal judge on Monday denied Coventry’s request that he throw out the bulk of Lavastone’s claims, including those alleging racketeering, fraud and breach of implied good faith, in an abbreviated decision.

The information compromised includes names, birthdates, Social Security numbers, street and e-mail addresses and employee data, including income, Anthem said.

With the National Association of Insurance Commissioners looking closely at industry- data security practices through a task force, it’s likely that new standards soon will emerge.

The filing will also help the company avoid a Securities and Exchange Commission move to appoint a receiver, which could lead to a liquidation and make an appeal of the judgment impossible.

The insurer is mounting the strongest opposition yet to a provision of the 2010 Dodd-Frank law, which was passed to prevent future financial crises.

After weeks of uncertainty, President Barack Obama Signed Into Law the Terrorism Risk Insurance Act of 2015, making terrorism insurance affordable and available.

Having passed both the House and Senate, the Terrorism Risk Insurance and National Association of Registered Agents and Brokers acts advance toward Presidential approval.

The legislation, which includes a measure to enact the NARAB Reform Act of 2015, now moves to the U.S. Senate for approval, after it expired on Dec., 31, 2014.

The bill now goes to the Senate for a vote that would send the measure to President Barack Obama to be signed into law.

Congress fails to reauthorize the Terrorism Risk Insurance Act before adjourning for the year, undoing a program for shared public and private compensation for insured losses resulting from acts of terrorism.

The ruling subjects MetLife to stricter Federal Reserve oversight; the insurer can appeal in U.S. district court within 30 days.

The near failure in 2008 of American International Group Inc., which required a $182.3 billion bailout, highlighted the risks of insurers.