Navigating TDPSA Compliance & Insurance Coverage in the Digital Age

Placing You First Insurance Podcast by CRC Group

Unravel the complexities of the Texas Data Privacy and Security Act (TDPSA) with cyber and professional lines broker Josh White from CRC Group’s ExecPro practice group. Discover the essential components of this new legislation, understand its alignment with similar laws, and learn about the unique aspects that set Texas apart. Josh breaks down the immediate compliance requirements for businesses, shedding light on potential costs and challenges. Plus, get a firsthand look at the pivotal role insurance agents play in navigating these regulations, from understanding data collection processes to managing data repositories efficiently. Hear about the standout services CRC offers, including coverage analysis, benchmarking resources, and tools to compare cybersecurity exposures and limits.

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1. Navigating TDPSA Compliance & Insurance Coverage in the Digital Age (00:00:00)

2. Can you give just a brief overview of the Texas Data Privacy and Security Act (TDPSA)? Are there any unique aspects of TDPSA that stand out? (00:01:23)

3. What are some common challenges businesses might face in complying with TDPSA? How can insurance agents assist their clients in navigating these challenges? (00:04:53)

4. Are there some risks that businesses might not be aware of? (00:06:06)

5. What should retail agents look for when evaluating cyber insurance policies in light of the TDPSA? Are there specific coverage aspects that are crucial for businesses to consider? (00:07:44)

6. Have you heard of any unresolved violations or substantial fines yet? (00:09:22)

7. Rapid Fire! (00:14:10)