Cybersecurity regulation model adopted by NAIC

Insurers across the US may soon be obliged to obey data security
rules similar to those imposed on carriers operating in New York
earlier this year.
The National Association of Insurance Commissioners adopted the
Insurance Data Security Model Law in a meeting yesterday.
The new rules are likely to raise insurers' operating costs as well as their exposure to
penalty and compliance risks, Fitch Ratings has said.
The model statute would create rules for insurers, agents and
others concerning data..