Insurers Seek Limits On Data Demands
Property-casualty insurers say that a just completed survey illustrates how costly data gathering could be, and underscores the need to only collect information that regulators will use to target market conduct examinations.
The National Association of Insurance Commissioners in Kansas City, Mo., is working on a project to simplify the market conduct exam process as part of a broader effort to streamline state insurance regulation. One element of that effort is a project to collect insurer data and see how it could help target exams.
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