Pending Privacy Bills in CA Cause Concern

There are three bills pending before California lawmakers that would impose stricter privacy regulations than required under the federal Gramm-Leach-Bliley Act. According to A.M. Best, the insurance industry is opposing the three privacy bills primarily because it would make it more difficult to market to consumers of insurance products. July 1 is the drop dead date for states that don't have their own privacy laws in place; they will be governed under the Gramm-Leach-Bliley rules. The law under that Act require companies to allow customers to 'opt out' if they want to stop companies from sha...