X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
NAIC has proposed a cybersecurity law for insurance companies but states have been slow to adopt it.

The “Insurance Data Security Model Act,” a significant initiative of the National Association of Insurance Commissioners (NAIC) in response to concerns about cybersecurity and the result of more than a year and a half of drafting work, was completed in October 2017 to be ready to roll out to states during the 2018 legislative sessions.

It wasn’t clear at the start of the sessions how many states would adopt or even introduce the bill during the first year after its development, and two months into the session only a handful of states had shown indications of meaningful legislative action in 2018. Regulators in South Carolina and Rhode Island who had led the model law development process at the NAIC were the first ones to seek its introduction.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Paul Tetrault

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.