California recently enacted the California Consumer Privacy Act of 2018 (CCPA), which becomes effective Jan. 1, 2020. (Image: Shutterstock)
Data privacy remains one of the most significant concerns facing the insurance industry.
A flurry of new and evolving data security and privacy laws and regulations are re-shaping the regulatory landscape, making it more difficult for companies to avoid exposing themselves to regulatory and other legal risk. This is especially true for companies that operate on a national level and must comply with the laws of multiple jurisdictions.
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