Privacy 'Bill Of Rights' To Boost Demand For Breach Coverage
Law360, New York (October 23, 2015, 5:58 PM EDT) -- The insurance industry's standard-setting body recently introduced a privacy bill of rights that would ramp up insurers' cybersecurity obligations to policyholders, a development that coincides with regulators' increased scrutiny of data security practices and is likely to expand the fledgling cyberinsurance market.
Looking past industry objections, a task force for the National Association of Insurance Commissioners on Oct. 14 adopted a cybersecurity “bill of rights” that would entitle policyholders to be notified within 60 days of a data breach and get one year of free credit monitoring paid for by the insurer or agent hit by the breach. Consumers would also...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!