ACIC Tells CA Legislators No Need for More Privacy

For two decades insurance companies have complied with a California law that requires protection of consumers' nonpublic personal information, and new laws would only create inconsistency and confusion for both consumers and insurers regarding compliance, the Association of California Insurance Companies (ACIC) testified Wednesday during a state Assembly insurance hearing. "Insurance companies are not part of the so-called 'privacy problem' since they have been part of the solution for more than 20 years," said Jeffrey Fuller, ACIC executive vice president and general counsel. "California...