Tuesday, November 3, 2015

The Bipartisan Budget Act of 2015

Yesterday the Budget Act of 2015 was signed into law. The link below will give you a summary of want it could mean to you.



The Bipartisan Budget Act of 2015

Sunday, February 22, 2015

TAKE STEPS TO PROTECT THEMSELVES FROM IDENTITY THEFT

NAIC REMINDS CONSUMERS TO TAKE STEPS TO PROTECT THEMSELVES FROM IDENTITY THEFT FOLLOWING ANTHEM SECURITY BREACH

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WASHINGTON, D.C. (Feb. 12, 2015) — The National Association of insurance Commissioners (NAIC) is reminding consumers to take extra precautions regarding identity theft protection following a security breach at Anthem, Inc.

The Indiana-based health insurer provides coverage for 37 million policyholders. State regulators have learned the cybersecurity hack may have also compromised data of past enrollees, which could mean as many as one in four Americans—80 million people—could be exposed to risk.

“Regulators from states affected by the breach are meeting with Anthem executives on a daily basis and consumers can be assured we are asking the company to provide the best possible protection to all current and former policyholders,” said Monica J. Lindeen, NAIC President and Montana Commissioner of Securities and Insurance. “We appreciate the identity protection services being put into place by Anthem, but reviewing the scope and implications of this event will be a long process.”

Regulators have called for a multi-state examination of Anthem and its affiliates. The NAIC Cybersecurity (EX) Task Force will monitor these efforts, update best practices and determine whether regulatory action is warranted.

Past and present policyholders are urged to find information provided by Anthem here. Anthem has committed to contacting affected policyholders with specific information regarding protective measures. Further information may be provided by your state insurance department here.

“We encourage consumers to carefully review financial statements and routinely monitor credit reports from one of the national credit reporting companies,” said North Dakota Insurance Commissioner and Cybersecurity Task Force Chair Adam Hamm.

A free credit report is available online at www.annualcreditreport.com.
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About the NAIC
The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit www.naic.org.