Further burdening insurers with onerous state-specific privacy requirements will only hurt the California insurance market with no corresponding benefit to consumers, a representative of the Alliance of American Insurers told a state legislative panel Jan. 29. "There is no reason for the California Legislature to reinvent the wheel in the privacy protection arena," Rey Becker, Alliance vice president of property/casualty, told an informational hearing of the California Assembly's Insurance Committee. "Insurers writing in California have been complying with the state's existing privacy law sinc...
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