New Jersey property-casualty insurance firms and other industries are objecting to a proposed regulation that would require the installation of what they term expensive and uniform information security systems.
The Division of Consumer Affairs recently closed the comment period on the new rule it has put forward to implement the Identity Theft Prevention Act of 2005.
Richard Stokes, regional manager for the Property Casualty Insurers Association of America (PCI), said his group and other industry trade groups have expressed concern about the security systems, based on federal standards, that must be emplaced by all businesses regardless of size.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
