Insurance agents and brokers are currently subject to a variety of federal data security statutory requirements (e.g. the Gramm-Leach Bliley Act and the Health Insurance Portability and Accountability Act), and nearly every jurisdiction has enacted some form of data breach legislation. However, recent data breaches are resulting in multiple new legislative and regulatory proposals and initiatives. The Big “I" is assessing all relevant proposals (Federal and State) individually as needed. That said, the Big “I" believes that having a uniform, reasonable, and nationwide data breach standard is the most desirable outcome of any legislative or regulatory process and realizes that federal legislation that preempts state law may be warranted in the absence of consistent and uniform state laws.
2018 Issue Summary
IIABA Cyber Security Advocacy and Resources