U.S. Insurance Groups Hold Their Breath As Global Privacy Talks Move Forward.

National Underwriter Property & Casualty-Risk & Benefits Management, July, 1999 by BROSTOFF, STEVEN

Insurance groups remain hopeful that the increasingly touchy issue of privacy will not disrupt international business as efforts continue to reconcile U.S. privacy protection standards with different foreign mandates. The complexity of the privacy issue is being demonstrated most notably in negotiations between the U.S.

Commerce Department and the European Union over implementation of an EU data privacy directive on the handling of private information. To accommodate the differences between U.S. and EU law, the Commerce Department and the EU developed "safe harbor" principles aimed at assuring that U.S. insurers meet the intent of the EU directive. The data at issue would cover all personal, financial and health information and affects any insurer doing...

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