California Data Privacy Law Has Insurers Scrambling

January 27, 2020 by John Hilton

The California Consumer Protection Act took effect Jan. 1 and sets a high bar for data privacy — and has potentially significant impacts for insurers and policyholders.

According to the bill, any company that collects, shares or sells the information of more than 50,000 people and generated revenue of more than $25 million in the preceding year, has to comply with the new law.

Furthermore, companies don’t have to be based in California to fall under the rules, they simply have to do business in the state.

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Originally Posted at InsuranceNewsNet on January 22, 2020 by John Hilton.