At the Federal level during 2022, over 100 pieces of privacy-related legislation was introduced by the 117th Congress. At the state level, 60 comprehensive consumer privacy bills across 29 states were considered in 2022, representing a 106% increase over 2021. As we head into 2023, five states will enact or update comprehensive privacy laws, bringing privacy requirements to a wide variety of businesses that were never under privacy regulations. While many of these laws are borrowing concepts from the California privacy laws, and specifically the updated California Privacy Rights Act (CPRA), each requires businesses to take proactive measures to address privacy and security within their operations.

Within this backdrop, a key question is how insurance is responding to these developments, and how businesses should understand their evolving privacy and security risks? This session will explore the implications of these new regulations, and new decisions on existing regulations, to parse the requirements on businesses, and discuss the way that insurance is evolving to meet these new business risks.


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Meet the Speakers

Jordan Fischer
Octillo

Jordan Fischer is a Partner at Octillo, and she leads the Global Compliance and Regulatory Advisory Practice Group, representing clients in cross-border data management and information governance, creating cost-effective and business-oriented strategies for information security, data privacy, and technology compliance. With an international perspective, Jordan represents clients in a variety of sectors, including pharmaceutical, healthcare, gaming, emerging technologies (blockchain, Internet of Things (IoT), Artificial Intelligence (AI), agriculture, adtech, and manufacturing. She works with clients to develop business solutions that incorporate privacy-by-design and security-by-design concepts, merging regulatory requirements with real-world practical solutions. Recognized as a Super Lawyers Rising Star – Technology Law and as an American Bar Associations On The Rise – Top 40 Young Lawyer, Jordan practices in many jurisdictions throughout the United States in both state and federal courts, as well as internationally. In addition to her practice, Jordan is the host of the American Bar Associations Podcast, The New Frontier, focused on data privacy, cybersecurity and technology legal issues.
 
Pete Smith
AXIS Capital

Pete currently serves as the Head of Middle Market Strategy for Axis GCT with oversight across all products for clients with revenues $2Bln to $50Mln. Additionally, Pete has over 12 years of experience in the cyber/tech marketplace with experience on both the underwriting and brokerage sides of the deal.
John O’Donnell
AXIS Capital
 
 
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Topic

Professional Liability (PL) Insurance

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