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Insurance regulators recognized the growing need for more standard and comprehensive pet insurance guidelines.
The laws revise provisions for producer license renewals and provide continuing education opportunities for insurance professionals.
Insurers should examine the ways their SaaS application data is being handled.
Insurance companies are tightening underwriting standards to overcome the evolving challenges of insuring cyber risks.
A requirement of the law is a written information security program aligned with the size and complexity of a business.
Because of the multi-state nature of the insurance industry, major insurance licensees will likely adopt stringent cybersecurity compliance programs.
It's not getting any easier for insurers to stay abreast of emerging cybersecurity rules and regulations.
Among other aspects, prior-period loss reserve releases provided a boost to underwriting performance.
The goal is to educate other states' legislators using language that was tested in Florida.
It's important to understand the far-reaching impact of the cybersecurity requirements adopted by the New York State Department of Financial Services.
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