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Encrypted Phishing Email

We received an interesting phishing email attack this weekend – something I had never seen before.  One of the property managers at our building sent a number of us at NCIGF an encrypted email with the subject line: “New Message from your email contact  9801210”.  The body of the email contained an encrypted email message […]

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Company Division Statutes Gain Steam in the States

Company Division Statutes, also known as restructuring statutes or business transfer mechanisms, are gaining steam in the state legislatures. These are statutes that permit an ongoing insurance company to divest itself of certain liabilities, along with a calculated amount of assets, and relinquish any ongoing responsibility for this business. The business divested would be put […]

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UDS 3.0 – JSON Based Layout

The UDS TSG seems poised to take up the task of revising the existing UDS standard. For those not familiar with the layout of UDS, they are fixed width, position delimited files, like you’d typically find on old mainframe type systems. They are not easy to work with and virtually impossible to modify. It’s not […]

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New Year, New Faces

We will see several new commissioners across the country in 2019.  Here is a high-level summary of the commissioner changes, followed by a listing of the NAIC committee leadership for 2019.  New Commissioners: Arizona: Arizona’s Keith Schraad appears to have received a full-blown appointment as Director of Insurance (he had been interim director).  Schraad has […]

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NCIGF CEO ELECTED CHAIR OF GLOBAL POLICYHOLDER PROTECTION GROUP

INDIANAPOLIS, IN, January 14, 2019 – Roger H. Schmelzer, president of the National Conference of Insurance Guaranty Funds (NCIGF), has been selected to serve as chairman of the International Forum of Insurance Guarantee Schemes (IFIGS).  Schmelzer, along with Peter Gallanis, president of the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA), NCIGF’s life […]

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NCIGF Sees Progress at NAIC on LD and Troubled Co Regulation

NCIGF closed out 2018 on a very high note.  Regulators adopted very positive recommendations governing large deductible insolvencies, including that states be encouraged to adopt statutes that grant the receiver the authority to collect deductible recoveries.  If no statute is in place receivers are encouraged to execute an agreement with the guaranty funds to enable […]

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NAIC Chief Endorses Web of Trust

I recently received a report from an international insurance regulatory meeting in which U.S. insurance commissioners were participating.  The urgency and assertiveness of our regulators hit me like a ton of bricks. NAIC president, Eric Cioppa—the Maine director of insurance– opined that cybersecurity regulation cannot be prescriptive, but instead must be principles based because it […]

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My New Year Message To You!

We are trying some new modes of communication this year, so here are a few of my thoughts as we fire up the engines for 2019.

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NCIGF Launches Updated Web Site

I’m pleased to announce that we’ve completed our reorganization and update of the public facing web site.  We’ve taken pains to preserve all of the existing content, but organized in a clearer way with a robust search functionality.  There are a couple of new features I’d like to point out: Search.  There’s a search bar on […]

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NCIGF Releases 4th Quarter Assessment Liability Report

By Amy Clark The NCIGF Accounting department has released the 4th Quarter Assessment Liability Report. Download it by clicking here. The Assessment Liability Report includes – by a statutory account of each property and casualty (P&C) guaranty fund – the maximum assessment (capacity), net assessable premium, actual and projected assessment/refund information, lines of business, recoupment […]

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IT Security – The Next Right Thing

I’m going to speak more generally about our IT security path at NCIGF.  There are a bunch of ways it can be done, some bad, some better than others, but what we did felt very organic in that what we did at each step felt like the next right thing to do. We started with […]

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Business Continuity/Disaster Recovery

I received an email inquiring what a reasonable backup policy would be, given the following issues/constraints: Industry Best Practices; Fear for loss of data and inability to restore/replicate; and Costs associated with backing up data, i.e.  more expensive the more often data is backed up and stored for longer time periods This is a great […]

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Cylance & macOS

**Update** This issue has been resolved. Announcement Cylance is releasing a hotfix to the macOS Agent version 1494 to provide a workaround to keep macOS Mojave endpoints from deadlocking. This workaround disables the Memory Protection and Script Control features on the Agent when macOS Mojave is identified as the operating system running on the endpoint. […]

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