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State Regulators Form Cyber Insurance Task Force

The National Association of Insurance Commissioners has formed a special task force to help states coordinate efforts related to cyber security and insurance industry data and coverage...
November 26, 2014

The National Association of Insurance Commissioners (NAIC) has formed a special task force to help states coordinate efforts related to cyber security and insurance industry data and coverage. The group is expected to make recommendations to the NAIC Executive Committee on how to coordinate NAIC efforts to protect information within insurance departments and the NAIC, protect consumer information collected by insurers and collect information on cyber liability policies being issued in the marketplace.

"The threat of a cyber-attack is very real, and state regulators are committed to developing the tools we need to ensure effective regulation in this area," said NAIC President and North Dakota Insurance Commissioner Adam Hamm.

NAIC Forms Cyber Issues Task Force (Insurance Journal 11/19/14)

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