Cyber Risk News

R.I. Lawmakers Eye Identity Theft Penalties

Rhode Island Rep. Al Gemma (D-Dist. 20, Warwick) wants to establish strict standards for identity theft protection and penalties for its violation. A bill he has filed will be heard today before the House Committee on Corporations. The Gemma bill, …

PCI Backs Feinstein Consumer Protection Legislation

Federal lawmakers concerned with protecting consumer data from security breaches should model legislation on the provisions of an effective law on the books in California, Property Casualty Insurers Association of America (PCI) Senior Vice President, Government Affairs Carl Parks said …

New Mexico Governor Signs Credit Legislation

The American Insurance Association commended New Mexico Gov. Bill Richardson (D) for signing into law this week SB 560, the Personal Insurance Credit Information Act. The bill was passed by the legislature on March 19. “By signing this bill, Gov. …

ChoicePoint to Allow People Access to Personal Records

An executive of embattled data broker ChoicePoint Inc. said the company is developing a system that would allow people to review their personal information that is sold to law enforcement agencies, employers, landlords and businesses. “You will receive the reports …

Fireman’s Fund Launches Nationwide ‘Identity Theft’ Recovery Service

California-based Fireman’s Fund Insurance Company, the principal U.S. operating unit of Germany’s Allianz, announced that it now provides Identity Theft Restoration Services throughout the United States. “Identify theft is the fastest growing crime in America, with victims numbering in the …

Fireman’s Fund to Offer ID Theft Restoration Services

Fireman’s Fund Insurance Company announced that it will provide Identity Theft Restoration Services nationally, offering customers access to a personal counselor who can help identity theft victims with the legal and logistical burden of putting their lives back together. This …

AIA Urges New Mexico Governor to Sign Credit Bill

The American Insurance Association said on March 24 that it is strongly urging New Mexico Gov. Bill Richardson (D) to sign S.B. 560, the Personal Insurance Credit Information Act, which was passed by the legislature on March 19. “By signing …

Fight Over Credit Ban Moves to Colo. Senate Floor

Legislation that would prohibit insurers’ use of credit information narrowly advanced out of the Colorado Senate State Affairs Committee Monday on a 4-3 vote and will be opposed by the insurance industry on the Senate floor, according to the Property …

BILL RESPONDS TO CHOICEPOINT BREACH

On the heels of the revelation of a major security breach at data broker ChoicePoint Inc., State Rep. Eddie Rodriguez, Austin, introduced HB 1527, which would require companies to alert their customers if a breach of security has put them …

INSURERS MUST CONSIDER SECURITY BREACH

Insurers who use credit scoring in underwriting and rate setting must take into consideration the recent security breach at ChoicePoint Inc., according to a bulletin issued by the Texas Department of Insurance. TDI’s Commissioner’s Bulletin directs the industry not to …