cipr spring event: insuring cyber liability risk · cipr spring event insuring cyber liability risk...

CIPR Spring Event:Insuring Cyber Liability Risk

March 28, 2014Orlando, Florida

The CenTer for InsuranCe PolICy & researCh© 2014 National Association of Insurance Commissioners

Table of Contents

Agenda ................................................................................................................................ 1

Biographies ........................................................................................................................ .3

Participant List .................................................................................................................. 13

Continuing Education Credit Information ........................................................................ 17

Center for Insurance Policy Research (CIPR) Information .............................................. 19

Hotel Layout ..................................................................................................................... 20

THE CENTER FOR INSURANCE POLICY & RESEARCH © 2014 National Association of Insurance Commissioners

CIPR Insuring Cyber Liability Risk Event Agenda

March 28, 1-5 p.m.

(Bonnet Creek Ballroom)

Attendee Sign-In and Material Pick-Up: 12:00-1:00 p.m. (Registration Area)

Welcome Address (10 minutes) 1:00 – 1:10 Commissioner Chaney

Introduction: Goals and Overview Session 1: The Cyber Risk Landscape (70 minutes)

1:10 – 2:20 Speakers:

Brian Peretti, Acting Director, US Dept. of the Treasury Office of Critical Infrastructure Protection and Compliance Policy

Topics Covered: Operational Cyber Risks Kenn Kern, Deputy Chief of Cyber Crime, NY District Attorney’s Office

Topic Covered: Cybercrime Trends Jeremiah Posedel, Associate Attorney, CIPP/US, Drinker Biddle & Reath LLP

Topics Covered: Legal Trends in Cyber Liability

Session 2: Federal Initiatives Related to Managing Cyber Risk (65 minutes) 2:20 –3:25

Speakers:

Adam Sedgewick, Senior Information Technology Policy Advisor, National Institute of Standards and Technology Tom Finan, Senior Cybersecurity Strategist and Counsel with the Department of Homeland Security’s National Protection and Programs Directorate (NPPD)

Topics Covered: Overview of the NIST Cybersecurity Framework and the market’s ability to cover first party loss related to cyber risk. How will the NIST Cybersecurity Framework influence the cybersecurity insurance market and its ability to incentivize better cyber risk management? NIST Cyber Framework is final– now what? What role do insurers and regulators play in its implementation? And how do incentives play a role? What liability issues do the framework raise and what, if any, impact this will have on insurers and insurance regulators?

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THE CENTER FOR INSURANCE POLICY & RESEARCH © 2014 National Association of Insurance Commissioners

Break (15 minutes) 3:25 –3:40 Refreshments and Hors D’oeuvres

Session 3: Cyber Liability Insurance Coverage, Barriers, and Pricing (70 minutes) 3:40 –4:50 Speakers:

Robert Parisi Jr., Senior Vice-President & National Technology, Network Risk & Telecommunications Practice Leader for the FINPRO unit of Marsh USA John Coletti, Vice President and Underwriting Manager for XL Group

Topics Covered: 1. Traditional Insurance and Cyber Specific Policies 2. Policies Triggered by Cyber Events 3. What Do/Should Insurers Consider when Underwriting Cyber Risk Policies 4. Risk Management (Steps Needed to get Coverage) 5. Emerging Exposures and Products

Dr. Lance Hoffman, Director of The Cyber Security and Policy Research Institute of The George Washington University

Topics Covered: Barriers and The Issue of Setting Premiums in Context

Closing Remarks (10 minutes) 4:50 –5:00

This is an NAIC Insurance Regulator Professional Designated program eligible for four hours of continuing professional development credit. To receive credit,

you will need to write down the codes provided periodically throughout the program and provide them in a survey that will be subsequently sent by the NAIC Education and Training Department. This survey will be sent to the e-mail you provided during your CIPR event registration.

For more information on CIPR Events, please contact:

Anne Obersteadt | Senior Researcher NAIC, Center for Insurance Policy and Research

816-783-8225 | [email protected]

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CIPR Spring Event Insuring Cyber Liability Risk

Orlando, FL. – March 28, 2014

Host:

Mike Chaney Commissioner Mississippi Insurance Department Mike Chaney, a Tupelo native and Vicksburg resident, is Mississippi’s Commissioner of Insurance. Prior to his election in 2007, Commissioner Chaney served seven years in the Mississippi House of Representatives and eight years in the Mississippi Senate, where he became the first Republican to serve as chairman of the Education Committee. Since taking office in January, 2008, Commissioner Chaney has brought a style of transparency and accessibility to the office, including opening a Mississippi Insurance Department office on the Gulf Coast. He has also spearheaded a wind mitigation program for the Mississippi Gulf Coast region to strengthen homes against hurricane-force winds and help homeowners realize discounts on their wind insurance premiums.

He has also overseen the addition of over 140 new companies to write insurance in the state. Other accomplishments include working to streamline and modernize the licensing procedures used in the department, strengthening and stabilizing the state’s Windpool, lengthening the amount of time the department has to respond to rate filings, worked to secure insurance for volunteer firefighters and worked for legislation to protect victims of domestic violence from discrimination by health insurance companies. Regulations were also changed to allow for two-year licensing of agents in the state, saving the department money and making life easier for the agents. Chaney is a businessman with a strong background in energy and agriculture and a strong advocate for consumers. He was a pioneer in worker’s compensation in Mississippi. Chaney has served on numerous community development entities including as president of the Vicksburg Chamber of Commerce and president of the Vicksburg Economic Development Committee. He is a Rotarian and a Paul Harris Fellow. He is a past president of the Republican Elected Officials of Mississippi. Chaney earned his bachelor’s degree in Business and Finance from Mississippi State University and has pursued graduate work in business. He is a veteran of the U.S. Army, serving in Vietnam from 1968 to 1969.

© 2014 National Association of Insurance Commissioners 3



Brian J. Peretti, Esq. Acting Director US Dept. of the Treasury Office of Critical Infrastructure Protection and Compliance Policy Brian J. Peretti is the Acting Director for the Office of Critical Infrastructure Protection and Compliance Policy at the United States Department of the Treasury located in Washington, D.C. At the Department of the Treasury, Mr. Peretti supervises the planning, evaluating and implementation of information security, information assurance, and risk management policies related to critical infrastructure protection, cyber security and homeland security. He leads the efforts of the Financial and Banking Information Infrastructure Committee (FBIIC), an interagency organization chartered under the President's Working Group for Financial Markets composed of 18 federal and state

financial regulatory agencies. He is the relationship manager to the Departments of Homeland Security, Energy, Transportation, Justice, Defense and the Intelligence Community Homeland Security issues. He represents the Treasury on various interagency groups, including Cyber Interagency Planning Committee (Cyber –IPC), the National Cyber Response Coordination Group, and the National CIP R & D draft group. He is the emergency coordinator for the Treasury’s Domestic Finance area where he leads efforts in the areas of business continuity and disaster recovery. He directs the Treasury’s effort to implement a Research and Development agenda, created in coordination with the financial services sector, to address technology issues. He has lectured extensively and has authored six books on topics related to financial institutions, including, most recently, co-authoring with Barkley Clark and Mark Hargrave Compliance Guide to Payment Systems: Law and Regulations. Prior to joining the Treasury Department, Mr. Peretti was an associate in Shook, Hardy & Bacon’s Corporate Banking and Finance Section in Washington, D.C. Prior to that position, Mr. Peretti was General Counsel for the Wright Patman Congressional Federal Credit Union, which serves the U.S. House of Representatives and associated groups. Mr. Peretti received his B.A. from Rider University (cum laude) in 1989 and his J.D. from American University, Washington College of Law (cum laude) in 1992.

© 2014 National Association of Insurance Commissioners4



Kenn Kern Deputy Chief Cybercrime and Identity Theft Bureau New York County District Attorney’s Office Kenn Kern is the Deputy Chief of the Cybercrime and Identity Theft Bureau at the New York County District Attorney’s Office (DANY), serving under District Attorney Cyrus R. Vance, Jr. At the Manhattan District Attorney’s Office, Kenn has conducted investigations and led prosecutions of money laundering, securities fraud, schemes to defraud, conspiracy, and cyber-crimes. While serving in the Major Economics Crimes Bureau at the DA’s Office, Kenn co-prosecuted Lawrence Salander and Leigh Morse, an art gallery owner and director, respectively, for their decade-long, $120 million Ponzi scheme involving consigned art work. The Salander/Morse prosecution is regarded as the largest art fraud scheme in New York State’s history.

As Deputy Bureau Chief of the Cybercrime and Identity Theft Bureau, Kenn oversaw the prosecution of ninety-four individuals charged with Grand Larceny in a matter involving fraud against TD Bank. Kenn served as the keynote feature at the 2013 Institute of International Bankers (IIB) Conference and a speaker at the 2012 FIBA Anti-Money Laundering Compliance Conference. Kenn is an honors graduate of the University Of Texas School Of Law, where he served as an Assistant to Admiral Bobby I. Inman, former Director of the National Security Agency. Kenn served as law clerk to the Honorable Chief Judge Thad Heartfield of the United States District Court for the Eastern District of Texas. Kenn is an honors graduate of Georgetown University, where he also earned a Masters degree in Government. Before joining the Office, Kenn served as a law clerk at the International Criminal Tribunal for the Former Yugoslavia (ICTY) and worked on the Slobodan Milošević trial.




Jeremiah Posedel Associate Drinker Biddle & Reath LLP Jeremiah is an attorney on Drinker Biddle's multidisciplinary Privacy & Data Security team (within the Intellectual Property practice group). He is a Certified Information Privacy Professional (US) with a keen interest and focus on understanding the maze of data protection laws around the globe and their varied impacts on businesses and consumers. His experience ranges from drafting internal privacy and security policies for multi-national enterprises to serving as in-house privacy counsel (on secondment) to global healthcare and biotech companies. Jeremiah works with companies to maximize the uses and value of the data they process, while at the same time meeting consumer and regulatory privacy and security expectations. When actual or potential disputes or security incidents arise relating to data, technology or intellectual property assets, Jeremiah has proven experience resolving these matters

in an economically efficient manner.




Adam Sedgewick Senior Information Technology Policy Advisor National Institute of Standards and Technology Adam Sedgewick serves as Senior Information Technology Policy Advisor at the National Institute of Standards and Technology. In this role, Adam represents NIST on the Department of Commerce Internet Policy Task Force and advises NIST leadership on cybersecurity issues. Previously, Adam was Senior Advisor to the Federal Chief Information Officer Council, coordinating cross-agency initiatives and assisting in the implementation of OMB policy and directives. Adam served as Professional Staff Member for the Senate Committee on Homeland Security and Governmental Affairs for nine years, handling cyber security and federal information technology policy. In 2008 and 2013, Sedgewick received the Fed 100 award for his contributions to the federal information technology community and recently both

BankInfoSecurity and GovInfoSecurity named Sedgewick a “Top Ten Influencer” for 2014.




Tom Finan Senior Cybersecurity Strategist and Counsel Department of Homeland Security’s National Protection and Programs Directorate Tom Finan is a Senior Cybersecurity Strategist and Counsel with the Department of Homeland Security’s National Protection and Programs Directorate (NPPD), where he leads work on cybersecurity insurance and cyber risk management in support of implementation of Executive Order 13636, “Improving Critical Infrastructure Cybersecurity.” Tom established DHS’ Cybersecurity Insurance webpage, http://www.dhs.gov/publication/cybersecurity-insurance, which includes a series of readout reports that describe DHS’ efforts in these areas. Previously, Tom led the effort to develop a resiliency-focused risk analysis and modeling office for NPPD that examines both cyber and physical threats to critical infrastructures, systems, and the public.

Prior to his arrival at DHS, he served as the Staff Director and Counsel for the Subcommittee on Intelligence, Information Sharing and Terrorism Risk Assessment with the U.S. House Committee on Homeland Security where he advised the Subcommittee Chair, Jane Harman (D-CA). During his service with the Committee, Tom authored two major reports: Beyond Connecting the Dots: A VITAL Framework for Sharing Law Enforcement Intelligence Information and LEAP: A Law Enforcement Assistance and Partnership Strategy. Both informed many of the statutory provisions that he developed for Title V of the Implementing Recommendations of the 9/11 Commission Act of 2007 (P.L. 110-53) and the Reducing Over-Classification Act (P.L. 111-258). Tom is a former Assistant General Counsel at the FBI and previously worked in private litigation practice.




Robert A. Parisi, Jr Managing Director & National Practice Leader for Network Security & Privacy Risk Marsh USA Robert Parisi is a Managing Director and National Practice Leader for Network Security & Privacy Risk in Marsh’s New York City headquarters. His current responsibilities include advising clients on issues related to intellectual property, technology, privacy, and cyber related risks as well as negotiating with the carriers on terms and conditions. Prior to joining Marsh, Robert was the senior vice president and Chief Underwriting Officer (CUO) of eBusiness Risk Solutions at AIG. Robert joined AIG in 1998 as legal counsel for its Professional Liability group and held several executive and legal positions, including CUO for Professional Liability and Technology. While at AIG, Robert oversaw the creation and drafting of underwriting guidelines and policies for all lines of Professional

Liability. Robert was also instrumental in the development of specialty reinsurance to address aggregation of risk issues inherent in cyber, privacy and technology insurance. In addition to working with AIG, Robert has also been in private practice, principally as legal counsel to various Lloyds of London syndicates.

While at Marsh, Robert has worked extensively with Marsh clients in all industries, assisting them in analysis of their risk as well as in the placement of coverage for cyber and privacy risks.




John Coletti Vice President XL Group John Coletti is Vice President in XL Group’s Select Professional business unit with responsibility for leading the cyber and technology insurance groups. He managing a team of underwriters located throughout the states. Before joining XL Group, John was the assistant vice president in charge of professional liability at CNA, where he managed a portfolio of cyber and E&O insurance with a focus on the technology industry. Before that, he held various underwriting, audit and accounting positions at Gulf Insurance. John’s insights on cyber insurance have been published in many articles, and he’s a frequent speaker at industry events. He holds a Bachelor of Arts degree in

accounting from the Adelphi University in New York.




Lance J. Hoffman, Ph.D. Director The Cyber Security and Policy Research Institute of The George Washington University Dr. Lance J. Hoffman is known for his pioneering research on computer security and risk analysis, and for his interdisciplinary work in computer privacy issues. Distinguished Research Professor of Computer Science and Director of the Cyber Security Policy and Research Institute at The George Washington University (GW). he is the author or editor of five books and numerous articles on computer security and privacy. A Fellow of the Association for Computing Machinery (ACM) and a senior member of the Institute of Electrical and Electronics Engineers (IEEE), Dr.

Hoffman has served on a number of Advisory Committees dealing with privacy and security, including those of Federal Trade Commission and the Department of Homeland Security. He is a Member of the Subcommittees on Law, and Security and Privacy of the U. S. Public Policy Council of the ACM. His teaching innovations include multidisciplinary courses on information policy, electronic commerce, and cybersecurity and governance. His research has spanned multiple aspects of cybersecurity, including risk analysis, privacy/data protection, and statistical inference for data mining. He directs GW’s CyberCorps scholarship program that has produced dozens of cybersecurity experts, all the beneficiaries of cross-disciplinary instruction in the technology, policy, and management aspects of cybersecurity and privacy. During his career, Prof. Hoffman’s thought leadership has included the organizing of several projects that pushed forward emerging areas of cybersecurity, such as

a) a 1987 workshop on Internet voting and personal computer-based voting machine systems; b) 1987 software, RISKCALC, used commercially and in government for early cybersecurity risk

analyses c) a 1999 study of foreign encryption products. Dr. Hoffman later testified before the U. S. Senate

Commerce Committee on the topic, displaying an array of the products purchased at the time; d) a 2004 workshop that explored a National Cyber Security Exercise for Universities; numerous

cybersecurity educational competitions drew upon that work; e) workshops in 2010 and 2014 on information assurance education and workforce development that

continue to inform National Science Foundation decision making.


1. Adair, Janette AVP - Sr Regulatory Counsel Argo Group US, Inc.1. Allen, Nicole SVP Swiss Re2. Bannister, Mary Deputy Commissioner - P&C Virginia Bureau of Ins3. Barratt, Brett Deputy Commissioner Utah Ins Dept4. Beal, Andy Chief Operating Officer/Chief Legal Officer NAIC5. Berliner, Alan Attorney Thompson Hine LLP6. Blomquist, Karen Deputy Commissioner Massachusetts Div of Ins7. Boles, Bart Executive Director Texas Life & Health Insurance Guaranty Association8. Brandenburg, Aaron Economist & Statistical Information Manager NAIC9. Breitstadt, Charles Sr. Gov. Rel. Director Nationwide Mutual Insurance10. Brignac, Denise Chief of Staff Louisiana Dept of Ins11. Broadie, Steve VP - Financial Policy PCI12. Brown, Peg Deputy Commissioner Colorado Div of Ins13. Byrd, Warren Deputy Commissioner Louisiana Dept of Ins14. Carr, Sean Senior Reporter SNL Financial15. Carter, Lesia Public Information Officer Arkansas Insurance Department16. Castano, Kathleen Assistant Vice President and Assistant Counsel Chubb17. Chaney, Mike Commissioner Mississippi Insurance Department18. Clark, Tomika Contract Monitor Arkansas Insurance Department19. Coletti, John Vice President and Underwriting Manager XL Group20. Cotto, Tony Financial Policy and Legislative Counsel NAIC21. Cruz-Brown, Kelly Attorney Carlton Fields Jorden Burt22. Dahl, Greg Deputy Insurance Commissioner Montana Ofc of the Ins Cmsr23. Dayton Klein, Julia General Counsel MN Department of Commerce24. DeFrain, Kris Director, Research and Actuarial Services NAIC25. Detlefsen, Robert Vice President, Public Policy National Association of Mutual Insurance Companies26. Donnellan, Susan Director, Associate General Counsel TIAA-CREF27. Donovan, Matt Technology Underwriting Leader Hiscox USA28. Dwyer, Elizabeth Associate Director Rhode Island Div of Ins29. Edwards, Reid Senior Director Global Government Affairs RMS30. Eppstein, David Assistant Vice President PIA National31. Fielding, John Counsel Steptoe & Johnson32. Finan, Tom Senior Cybersecurity Strategist and Counsel Department of Homeland Security’s (NPPD)33. Fogarty, David Director, Regulatory Relations Medical Mutual of Ohio34. Forsythe, Joni Senior Counsel NOLHGA35. Foster, Steve Director Deloitte36. Fuller, Bryan Director Examination Resources, LLC37. Gackenbach, Julie Principal Confrere Strategies38. Gardner, Craig Chief Examiner Louisiana Dept of Ins39. Garman, David Senior Counsel Nationwide40. Gilliam, Scott VP & Government Relations Officer The Cincinnati Insurance Company41. Gleason, Angela Associate Counsel American Insurance Association42. Gooding, Michael Deputy General Counsel Fidelity Life Association43. Gütersloh, Ralf Head of Foreign Affairs German Insurance Association44. Hall, Shanique CIPR Manager NAIC45. Harrison, Lorielee Executive Assistant Delaware Dept of Ins46. Hartz, Douglas Principal Consultant IRCG47. Heese, Fred Chief Financial Examiner Missouri Dept of Ins48. Heidenreich, Sarah Legal Counsel NAIC49. Hernandez, Teri Founding Partner HernandezHQ, LLC50. Hester, Martin Deputy Director Alaska Division of Ins51. Hoffman, Dr. Lance Director The George Washington University52. Holahan, Joe Of Counsel Morris Manning & Martin LLP53. Holland, Andrew Partner Sidley Austin LLP54. House, Robert Attorney Jones Walker LLP55. Houston, Tom Financial Examiner Adv Wisconsin Ofc of the Ins Cmsr56. Huff Soper, Jan Senior Manager, Customer Services & Support NAIC57. Isely, Catherine Partner Butler Rubin58. Jeffers, Jenny Managing Member Jennan Enterprises, LLC59. Kane, Alice Partner Duane Morris LLP60. Karapiperis, Dimitris Research Analyst NAIC61. Karlinsky, Fred Shareholder Colodny Fass Talenfeld Karlinsky Abate & Webb P.A.

2014 CIPR Spring Event: Participant ListAs of 3/18/14


62. Keleher, David Senior P&C Specialist NAIC63. Kern, Kenn Deputy Chief of Cyber Crime NY District Attorney’s Office64. Kinnamon, Holly Founder HJK Strategies65. Kitt, Karrol Associate Professor The University of Texas66. Knighten, Arlene Executive Counsel Louisiana Dept of Ins67. Kochenburger, Peter Associate Clinical Professor of Law University of Connecticut School of Law68. Kodama, David Sr. Director PCI69. Korty, Tina General Counsel Indiana Dept of Ins70. LaFond, Michelle VP, Chief Regulatory Counsel Unum Group71. Lalonde, David SVP AIR Worldwide72. Larkin-Thorne, Sonja NAIC FUNDED CONSUMER REP CONSUMER ADVOCATE73. Lenhart-Schaeffer, DarleFinancial Examiner/Analyst Supervisor Florida Office of Insurance Reg74. Lerner, Zachary Attorney Edwards Wildman Palmer75. Lobel, Myra Managing Director Guy Carpenter76. Lohmann, Tammy Director, Insurance Product Filing Minnesota Dept of Commerce77. Lulgjuraj, Francesca Assistant Counsel & Compliance Director Starr Indemnity & Liability Co78. Mais, Andrew Senior Manager Deloitte79. Maldonado, Susan Assistant Director - NIPR Operations NIPR80. Marshall, Nicole Resident EY81. Matsubara, Tomohisa Senior Manager Sumitomo Life Insurance Company82. McNair-Grove, Sarah Actuary Alaska Division of Ins83. Mealer, Jim Chief Market Conduct Examiner DIFP84. Miller, Neil Director Alvarez & Marsal Insurance and Risk Advisory Services85. Mills, Howard Director, Chief Advisor Insurance Industry Group Deloitte86. Monroe, Mary Frances Head of International Regulatory AIG87. Monroe, Andromeda Attorney Monroe Law, P.L.88. Moran, Michael AVP Federal Affairs, Gov't and Industry Affairs Zurich89. Moreira, Daren Attorney Sutherland Asbill & Brennan LLP90. Mottar, Judy Casualty Actuary Illinois Dept of Ins91. Mumford, Jim First Deputy Commissioner Iowa Ins Div92. Nelson, Angela Division Director Market Regulation Missouri Dept of Ins93. Nguyen, Cuc Rate & Form Compliance Division Manager Oklahoma Ins Dept94. Nordman, Eric Director, Regulatory Services and CIPR NAIC95. Obersteadt, Anne Senior Researcher, CIPR NAIC96. Odiorne, James Chief Deputy Commissioner Washington Ofc of the Ins Cmsr97. O'Malley, Michael SVP, State Government Affairs Chubb & Son98. Ortiz, George Director of Federal Affairs Insurance Services Office, Inc.99. Pachman, Lauren Policy Analyst, Property & Casualty American Academy of Actuaries100. Parisi, Jr, Robert Senior Vice-President & National Technology, Network Risk Marsh USA101. Patterson, Jeff Director of Membership National Independent Statistical Service102. Paul, Brian Regional Government Relations Manager Westfield Group103. Peretii, Brian Acting Director US Dept. of the Treasury 104. Pierre, Yvette Assistant Director Bermuda Monetary Authority105. Posedel, Jeremiah Attorney Drinker Biddle & Reath LLP106. Potter, Janis Executive Director Illinois Life & Health Insurance Guaranty Association107. Pugsley, Edwin Chief Market Conduct Examiner New Hampshire Ins Dept108. Quinn, Dennis Partner Barger & Wolen LLP109. Ramge, Bruce PIO/Assistant to Director Nebraska Dept of Ins110. Rapp, William Assistant Director of Public Policy American Academy of Actuaries111. Rapp, Robert Supervisor, Consumer Services Illinois Dept of Ins112. Regan, Matt Director of Market Conduct Massachusetts Div of Ins113. Richardson, Barbara Director New Hampshire Ins Dept114. Robben, Sara Statistical Advisor NAIC115. Roof, Don Director Examination Resources, LLC116. Sanchez, Rebecca Government Affairs Counsel American Family Insurance117. Schwarcz, Daniel Professor University of Minnesota Law School118. Scism, Leslie Staff Reporter and News Editor The Wall Street Journal119. Sedgewick, Adam Senior Information Technology Policy Advisor National Institute of Standards and Technology120. Shemanske, Jan Asst. Secretary W. R. Berkley Corporation121. Shine, Scott Attorney Carlton Fields Jorden Burt122. Siliato, Aimee Assistant Vice President Insurance Services Office, Inc.123. Sivley, Trey Director, Insurance Financial Oversight Georgia Ofc of Ins & Fire Safety124. Slape, Doug Chief Analyst Texas Dept of Ins125. Spencer, Margaret Partner Risk & Regulatory Consulting126. Stead, Susan Partner Nelson Levine de Luca & Hamilton127. Steinwand, cody Internal Procedures Specialist NAIC128. Stewart, Donna Insurance Standards Consultant Wyoming Ins Dept


129. Stringer, Brooke Financial Policy and Legislative Advisor NAIC130. Sullivan, Robert Attorney Polsinelli Shughart131. Szwast, Theresa President & CEO National Independent Statistical Service132. Taneja, Seema AVP Government Affairs Zurich133. Tetrault, Paul State & Policy Affairs Counsel NAMIC134. Therriault, Charles Director, Securities Valuation Office NAIC135. Travis, Thomas NAIC Coordinator Louisiana Dept of Ins136. Tyrer, Lori Senior Executive Assistant NAIC137. Van Sise, Mary Vice President ISO138. Von Falkenhayn, York Senior Manager Hannover Re SE139. Weissman, Barry Leigh Partner Edwards Wildman Palmer LLP140. Westcott, Robin Vice President, Government Affairs AAIS141. Wilmer, Eric Assistant Vice President, Associate Counsel & Manager of ComSCOR Global Life Americas142. Woerman, Neil Director of Information Technology Kansas Insurance Department143. Woody, Jim Chief Financial Officer NAIC144. Workman, Ryan International Insurance Program Counsel NAIC145. Worman, Mark Manager, Personal and Commercial Lines Office Texas Dept of Ins146. Wulf, Matthew Vice President, State Relations and Assistant General Counsel Reinsurance Association of America147. Yelcich, Barbara Assistant Vice President Federal Reserve Bank of New York148. Young, Pamela Associate General Counsel American Insurance Association


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April 2013 | CIPR Newsle er

CIPR W E R S S

By Shanique (Nikki) Hall, CIPR Manager In a concerted effort to become the go-to site for regulatory and public policy informa on, the NAIC’s Center for Insur-ance Policy and Research (CIPR) is diligently working to im-prove its public offerings. The CIPR was established in 2009 to leverage the resources of several NAIC departments in order to support the collec on and dissemina on of informa on and analysis for use by state and federal officials, agencies, policymakers and insurance consumers. The forma on of the CIPR expands regulatory support services by distribu ng the research and analysis that takes place within NAIC. To achieve this mission, the CIPR publishes a quarterly CIPR Newsle er, as well as special reports and studies to provide the public with informa on on developing trends in the insur-ance industry and to enhance the awareness and under-standing of key insurance issues. In addi on, the CIPR hosts four annual events that offer a forum for opinion and discus-sion on major insurance regulatory issues. This ar cle will discuss some of the recent improvements made that we hope will help meet that goal. CIPR W Central to the communica on of NAIC research and public policy ac vi es is the CIPR website, which is a recent en-hancement to the NAIC home page. Within the CIPR site is a host of informa on on current insurance regulatory develop-ments, ongoing CIPR projects and coverage of a wide range of insurance topics and issues. Moreover, content from the Government Rela ons division of the NAIC—such as issue briefs and Congressional tes mony—has been added to the CIPR site to serve as a central point of informa on-gathering. The CIPR site is divided into four principle areas: (1) Home; (2) Key Issues; (3) Special Reports and Studies; and (4) Sta s-

cs. The CIPR home page is where you can find what’s new on the site, including the most recent CIPR Newsle er. Also available on the home page is informa on on upcoming and past CIPR events; including, presenta ons, audio and handout material from the events. Our goal is to make it easy for the user to locate topical informa on on insurance and insurance regulatory topics. K I A recent enhancement to the CIPR site is its A–Z Topic lis ng of key insurance issues. The A–Z Topic lis ng contains a wealth of informa on on a wide range of regulatory and in-surance industry-specific topics. It is a great research tool for regulators, consumers, industry and academia. Each topic page includes a detailed summary of the topic and issues,

and is supported by reference documents, including links to presenta ons, speeches, NAIC news releases and ac ons, ar cles and special reports. References to the current NAIC commi ee task force or working group ac ve on the topic is also included, as well as an NAIC contact for any ques ons. Currently, there are more than 80 topics included in the A–Z Topic lis ng, such as: accredita on, flood insurance, the EU-U.S. Dialogue Project, insurance-linked securi es, natural catastrophes and workers’ compensa on. The A–Z Topic lis ng is steadily growing; more than 40 topics were added in 2012 and another 40 (or more) are expected to be added to the lis ng this year. S R S The CIPR site also provides access to special reports and stud-ies on major regulatory and public policy issues in insurance. Here you will find studies wri en by CIPR dis nguished schol-ars and researchers; former NAIC CEO Therese M. Vaughan, Ph.D.; insurance industry experts; academics; and other NAIC staff. Selected ar cles from the Journal of Insurance are also available. Moreover, NAIC Industry Snapshots and Analysis Reports were recently made available on the CIPR site. Produced by the Financial Regulatory Services Department, these reports provide an overview of insurer statutory filings and assist consumers in be er understanding developing trends in the insurance industry. They cover the property/casualty, tle, life, fraternal and health insurance industries. S The NAIC Sta s cs page is another pivotal element of the CIPR site. This page provides a collec on of key facts and market trends for a par cular state, such as: the number of insurance companies in each state; the number of cap ve insurance companies in the states; total direct premium; se-lect insurance department data for the states; cost of regula-

on in the states; insurance industry employment in each state; and gross domes c product for the states. For compar-ison, na onal key facts and trends are also available. In addi-

on, premium volumes for the 50 largest markets worldwide, as well as sample reports from the NAIC Research and Actu-arial Department, are also provided. S We hope you will make use of these tools. The CIPR is always open to sugges ons. If you have an issue you believe we should cover, please let us know. Send your sugges ons, compliments (we like those) and cri cisms to [email protected].


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ce/C

IPR

staff

can

pr

ovid

e a

grea

t dea

l of i

nfor

mati

on to

regu

-la

tors

and

law

mak

ers.

Con

tact

info

rmati

on

prov

idin

g di

rect

acc

ess t

o th

em is

vita

l to

the

CIPR

site

’s fu

nctio

n.

2. C

lick

to se

e th

e m

ost c

urre

nt a

s wel

l as

arch

ived

issu

es o

f the

CIP

R N

ewsle

tter.

3. T

he A

-Z In

dex

of In

sura

nce

topi

cs a

nd

issue

s. C

lick

to se

e de

taile

d an

alys

is an

d do

cum

enta

tion

on a

wid

e ra

nge

of in

sur-

ance

topi

cs a

nd is

sues

. 4.

The

Key

Issu

es se

ction

incl

udes

a to

pica

l lis

ting

of k

ey in

sura

nce

regu

lato

ry is

sues

.

NA

IC W

eb S

ite S

uppo

rt Co

ntac

t Inf

orm

atio

n:

1. N

AIC

Help

Des

k:

Ph

one

816.

783.

8500

E-m

ail h

elp@

naic

.org

fax

816.

460.

7456

2.

NAI

C W

eb T

eam

: web

post

@na

ic.o

rg

3. N

AIC

Com

mun

icati

ons:

new

s@na

ic.o

rg

5. T

he S

peci

al R

epor

ts/W

hite

Pap

ers

secti

on p

rovi

des a

sses

s to

NAI

C sp

ecia

l re

port

s, w

hite

pap

ers a

nd a

rticl

es o

n a

wid

e ra

nge

of in

sura

nce

regu

lato

ry to

p-ic

s and

con

cern

s.

6. S

tatis

tics M

ap: t

his p

age

prov

ides

ac

cess

to st

ate

scor

e ca

rds w

hich

det

ail

stati

stics

abo

ut e

ach

juris

dicti

on’s

in-

sura

nce

mar

ket a

long

with

that

of t

he

entir

e U

S. In

add

ition

, lin

ks to

sam

ples

of

NAI

C re

sear

ch re

port

s and

dat

a ar

e pr

ovid

ed.

1 23

4

5

6


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