FORC Journal - Vol. 28 Edition 1 - Spring 2017

It is our honor to present this first edition of volume 28 of the FORC Journal of Insurance Law and Regulation. This edition covers issues such as Canadian Reinsurance, Long Term Care Issues, Data Security and the new New York Cybersecurity Regulation. Thank you for your participation. We look forward to seeing you all at the NAIC Spring Meeting in Denver.

Dan Cotter & Kori Johanson, Journal Co-Editors

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NEW YORK’S CYBERSECURITY REGULATION: A PRACTICAL GUIDE

By Frederick J. Pomerantz, Esq., Goldberg Segalla LLP
23 NYCRR Part 500 (the “Regulation”) is a much anticipated regulation of the New York Department of Financial Services (“DFS”), which took effect March 1, 2017.

AN ARMS RACE TO DATA SECURITY: ARE YOU AND YOUR CLIENT READY?

By Eddie Block, Esq., GARDERE WYNNE SEWELL, LLP Marisol Saenz, Esq., GARDERE WYNNE SEWELL, LLP Kimberly Yelkin, Esq., GARDERE WYNNE SEWELL, LLP
Protecting information is an arms race between the attackers and the targets. Each is attempting to develop more clever attacks or stronger defenses.

CANADIAN REINSURANCE REGULATION: CHARTING A NEW COURSE

By Brian Reeve, Cassels Brock & Blackwell LLP
Reinsurance is a critical tool used by Canadian insurers to mitigate and reduce risk. Approximately 75% of the $3.6 billion of losses from the Fort McMurray fire will be paid by reinsurers located outside of Canada.

LEARNING FROM PAST EXPERIENCE: THE LONG-TERM CARE DILEMMA

By Fred E. Karlinsky, Esq., Greenberg Traurig, P.A. Richard J. Fidei, Esq. , Greenberg Traurig, P.A. Christian Brito, J.D., Greenberg Traurig, P.A
The long-term care insurance (“LTCi”) market has grown significantly since the first LTCi policies were marketed over 30 years ago. In those days Americans were spending less than $20 billion on long-term care (“LTC”).