EU Privacy Standards Concern U.S. Insurers.

National Underwriter Property & Casualty-Risk & Benefits Management, December, 1998 by BROSTOFF, STEVEN

A wide array of insurance groups representing virtually every segment of the U.S. insurance industry is asking the Commerce Department to clarify that federal, state and local consumer protection laws in the United States satisfy privacy standards recently issued by the European Union. The issue involves a directive by the EU that requires all nations involved in commerce with EU members to follow certain privacy standards.

In addition, the directive contains a safe harbor that allows industries subject to strong privacy regulation in their own countries to continue data exchanges with EU members. The insurance groups, led by the Washington-based American Insurance Association, is asking the Commerce Department to confirm that the U.S. insurance industry...

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