Month: September 2019

Big Data and Insurance – The Regulatory Approval Process for Insurtech Data Models

Data is often the key ingredient to an insurtech’s success. From the use of drone data to automatically pay insurance claims after a hurricane, to AI that can predict the likelihood of insurance fraud – big data has the potential to revolutionize the insurance industry. But before an insurtech can […]

NYDFS Guidance to Insurers to Pay Abuse Claims

The New York Department of Financial Services (DFS) has issued an industry guidance to all insurers, licensed producers, adjusters and reinsurers in light of the statute of limitations window that has been opened in New York for child abuse victim claims, advising all of the above parties that the DFS […]

Cooley team to attend Insurtech Connect

A Transatlantic team of Cooley lawyers will be heading to the Insurtech Connect conference in Las Vegas next week and is looking forward to connecting with the diverse mix of start-ups, funds and traditional insurers attending the event from around the world. The Cooley attendees are Derek Colla, Sam Tacey, […]

Cooley partners publish Insurance Day article on cyber due diligence and insurance

Cooley partners Mark Deem and Mark Everiss recently published the following article in Insurance Day. The original article can be found here (log in required). Legal Focus: UK data regulator increases focus on cyber due diligence and insurance in M&A The announcement at the start of the summer the UK’s […]

NAIC Set to Revise Anti-Rebating Laws

As part of our insurtech practice, we are frequently asked to advise on state insurance anti-rebating laws. These laws prohibit insurance companies or brokers from providing policyholders with anything of value (above certain de minimis thresholds) that is not specifically included in the terms of the policy, as an inducement […]