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DFS To Host March 29 Symposium on Cybersecurity

​​The New York State Department of Financial Services (DFS) is holding a live virtual symposium on Tuesday, March 29 regarding cybersecurity. The free event will be streamed over WebEx. The agenda for the session includes:​A panel discussion on the future of cybersecurity regulation in New York and elsewhereModernization of cybersecurity supervisionThe key cyber risks of 2022. The event will run from 10:00 am to 12:30 pm. Advance registration is required and is available inthe Cybersecurity Resources section of the DFS website. Source

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HERO Act Prevention Plan Implementation No Longer Required

​The New York State Department of Labor last week announced that employers in the state are no longer required to implement their airborne infectious disease exposure prevention plans. The plans, required by the New York State HERO Act, must be designed to help prevent the spread of infectious diseases in the workplace. ​When the Delta variant of the coronavirus that causes COVID-19 swept through the country late last summer, the state Department of Health designated ​the disease as "a highly contagious communicable disease that presents a serious risk of harm to the public health.​" That declaration triggered the requirement for all employers to implement their plans. The…

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Industry Roundup: Cyber Incidents Up Since Invasion of Ukraine; How Does the Labor Shortage Impact Workers’ Comp?; Russia-Ukraine Cyberwarfare May Propel Claims in Global Insurance Markets; Metal Thieves Swiping Tailpipes Create 1,000% Spike in Claims

​NY Fines Two Insurers $4.2M for Alleged Reporting FailuresNY Superintendent of Financial Services Adrienne A. Harris today announced that Zurich American Insurance Company and Progressive Direct Insurance Company have entered into separate Consent Orders with the Department of Financial Services resolving DFS's investigations into the companies' failure to timely report certain insured vehicle information to the Department of Motor Vehicles.Experts Confirm Cyber Incidents Up Since Invasion of Ukraine; Insurance Underwriters AdaptingSince the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium.How…

Continue ReadingIndustry Roundup: Cyber Incidents Up Since Invasion of Ukraine; How Does the Labor Shortage Impact Workers’ Comp?; Russia-Ukraine Cyberwarfare May Propel Claims in Global Insurance Markets; Metal Thieves Swiping Tailpipes Create 1,000% Spike in Claims