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Regulatory Compliance
Representative Matters

With the adoption of cybersecurity requirements by the New York Department of Financial Services and a pending data security model law proposed by the National Association of Insurance Commissioners (NAIC), insurance and insurance-related companies as well as brokers, agents and adjusters are now (or, outside New York, will soon be) under similar cybersecurity regulatory obligations as healthcare providers (under the Health Insurance Portability and Accountability Act – HIPPA) and financial institutions (under the Gramm-Leach-Bliley Act – GLBA – and SEC regulations). M&R can advise companies on the ongoing compliance mandates in New York and provide insight into how the NAIC model regulations will likely be enforced and in which jurisdictions.