Sat.Oct 22, 2022 - Fri.Oct 28, 2022

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FTC Exploring Rule to Crack Down on Deceptive and Fake Consumer Reviews

Hunton Andrews Kurth

The Federal Trade Commission published an Advanced Notice of Proposed Rulemaking (ANPR) on October 20 seeking public comment on a potential regulation aimed at curbing deceptive consumer reviews and endorsements. In its announcement , the FTC highlighted the prevalence of false and misleading reviews online and the harms they cause consumers and competitors.

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Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

According to Beazley’s recent Risk & Resilience Geopolitical Report , inflation is a key area of concern for business leaders and they expect economic uncertainty to remain high through to the end of this year. High inflation impacts multiple aspects of corporate decision making, from the changing value of stock to rising employee wages and cost of borrowing.

Risk 40
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NYDFS Fines EyeMed $4.5 Million for Cybersecurity Violations

Hunton Andrews Kurth

On October 18, 2022, the New York State Department of Financial Services (“NYDFS”) announced that EyeMed Vision Care LLC (“EyeMed”) agreed to a $4.5 million settlement for violations of the Cybersecurity Regulation (23 NYCRR Part 500) that contributed to the exposure of hundreds of thousands of consumers’ health data in connection with a cybersecurity event in 2020.

Risk 105