Financial Services Industry
Industry: Email Alert RSS FeedInsurers are fighting privacy bills. (D.C. Dispatch).(Brief Article)
National Underwriter Life & Health-Financial Services Edition, May, 2002 by Brostoff, Steven
Insurance agents and companies are fighting privacy battles on a number of fronts, opposing legislation they believe unnecessarily inhibits legitimate commerce.
The primary bills are moving through the Senate, and cover such topics as the use of Social Security numbers, commercial e-mail and online privacy.
In each instance, the insurance industry complains that the legislation, while well intended, imposes unfair costs and burdens on financial service providers.
Looking first at Social Security numbers, the Senate Judiciary Committee recently approved S. 848, legislation introduced by Sen. Dianne Feinstein, D-Calif., that would prohibit the sale or display of Social Security numbers to the public.
The legislation is aimed at...
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