Washington–The House Financial Services Committee approvedlegislation establishing a national standard for customer datasecurity yesterday with modifications designed to make it morepalatable for insurers.

But the bill still faces an unclear path to passage this yearbecause of consumer concerns voiced by Democrats about the preciserights individuals have to protect themselves when a data securitybreach occurs.

Reacting to the House action, Dennis Kelly, a spokesman with theAmerican Insurance Association, said today, “Insurers are alreadysubject to data security standards that we have to comply withunder Gramm-Leach-Bliley.

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