The California Consumer Privacy Act (“CCPA”) will impact how insurers collect, store, sell and process the personal information of California consumers. Other US states are likely to soon follow suit—there are currently at least 11 other states with pending privacy laws that incorporate CCPA-like concepts and requirements. Key areas to examine include the history of the CCPA, its key provisions, its current legislative status (let’s just say, “it’s complicated”) and practical takeaways for insurers and insurance regulators. (Spoiler Alert: Insurers should not be delaying compliance efforts.)
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Mayer Brown’s partner Stephanie Duchene highlights areas of interest in this Legal Update.
Investing in a US insurance company presents unique concerns to any investor. This is particularly the case if such an investment would result in the investor becoming a ...