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Agency Information Collection Activities; Proposed Collection; Comment Request; Collection of Data From Property and Casualty Insurers for Reports Concerning the Terrorism Risk Insurance Program

Agency: " Departmental Offices, Department of the Treasury." SUMMARY: The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. Departmental Offices Title:.

Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers

New York's DFS Publishes A Cyber Insurance Risk Framework - Insurance

New York's DFS Publishes A Cyber Insurance Risk Framework | Husch Blackwell LLP

To embed, copy and paste the code into your website or blog: Keypoint: New York’s Division of Financial Services (DFS) now requires Property and Casualty Insurers writing cyber insurance to comply with the Division’s Cyber Insurance Risk Framework to manage their risk. In her letter introducing the Cyber Insurance Risk Framework, DFS Superintendent Linda Lacewell states that the increase in frequency and cost of ransomware has not only shown that cybersecurity is of critical importance to modern life, but also that cyber insurance plays a vital role in the mitigation and reduction of risk from ransomware. According to its 2020 survey, DFS found a 180% increase in the number of ransomware claims between 2018 and 2019, with an increase of 150% on average for the costs associated with those claims. The problem continued in 2020, where DFS received nearly double the number of reports of ransomware attacks from the year prior. Not only are these trends a concern for consumer protec

Alabamian Insurance Industry Report- Governance, Risk and Compliance – KSU

mandmFebruary 3, 2021 13 Alabamian Insurance Industry – Governance, Risk, and Compliance’ report is the result of extensive research into the insurance regulatory framework in Alabama. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the state. The report also includes the scope of non-admitted insurance in the state.