The property-casualty industry is seeking an exemption from the proposed New York “credit freeze” legislation aimed at fighting identity theft.
Gary Henning, American Insurance Association senior vice president, in remarks prepared for a joint hearing in Albany today by the Senate Committee on Consumer Protection and the Assembly Committee on Consumer Affairs and Protection, said there is “almost no likelihood that a person could be victimized by identity theft in a property-casualty transaction.”
Mr. Henning said that Federal Trade Commission statistics bear out his contention. In 2005, only .4 percent of all reports of identity theft across the state were insurance related, he said.
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