Top Insurance Legislation & Regulation Stories Of 2018
Law360 (December 13, 2018, 3:51 PM EST) -- This year brought many major policy developments that affected insurers, with the European Union's stringent data security rules spurring demand for cyber insurance and U.S. regulators ending an era by rescinding Prudential's designation as a systemically important financial institution, leaving no nonbank firms with the controversial tag.
Here, Law360 looks back at the biggest regulatory and legislative developments that impacted insurers in 2018.
EU Reg Fuels Cyber Coverage Demand
The global insurance industry has seen a substantial uptick in demand for specialized cyber policies since the European Union’s General Data Protection Regulation took effect on May 25, dramatically changing the risk...
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