As businesses navigate an ever-increasing and evolving regulatory landscape, the emergence of regulation technology, or regtech, has been groundbreaking. Regtech utilizes cutting-edge technologies such as AI and machine learning to streamline compliance, offering companies a much-needed solution to
The U.S. Department of Health and Human Services is investigating a major cyberattack on Change Healthcare for possible HIPAA violations. This incident has disrupted services at healthcare centers by interfering with payment operations, a key role of Change Healthcare. The investigation will focus
The insurance sector is at a pivotal juncture as it embraces the potential of artificial intelligence (AI). Jack Willard's recent article, drawing from the Global Insurance Law Connect (GILC) report, delves into this evolving terrain. AI promises revolutionary enhancements in efficiency and
The rapidly changing terrain of cyber threats has necessitated a paradigm shift in the cyber insurance industry. Concerns that were once heavily skewed toward ransomware are now expanding to cover the realm of privacy breaches. Cyber insurance underwriters are increasingly recognizing privacy
As carmakers capitalize on the data boom, the sale of driving data opens a new economic front. Modern vehicles, laden with advanced tech, collect detailed records of our driving behaviors, revealing aspects of our lifestyle. This abundant information, while offering potential benefits in terms of
The insurance sector, traditionally reliant on vast archives of data and risk-averse, is undergoing a major transformation due to the proliferation of Internet of Things (IoT) technology. IoT's expansive data capabilities are revolutionizing insurers' risk assessment, policy management, and
