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in Carrier Management

Why Insurance Regulators Care About Cybersecurity

"A sharp rise in insurer data breaches will likely draw the ire of consumer advocates and lawmakers and may renew calls for a revamp to the current state-based insurance regulatory system."

That's what an analyst's report from S&P Capital IQ said earlier this month.

North Dakota Insurance Commissioner Adam Hamm, who chairs the NAIC Cybersecurity Task Force, agrees that threats to the insurance industry are real. Here, he reacts during an interview with Carrier Management.

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