“‘There are a lot of companies that have gone through renewals and ended up either becoming uninsurable or implementing some new controls just to get to the point of being insurable,’ (Nick Santillo, vice president of digital infrastructure and security at American Water) told a gathering of water company executives in Washington, D.C. for a National Association of Water Companies (NAWC) conference.”
A federal official also noted inadequate ransomware reporting by some water companies, which she predicted might improve due to new cyber incident reporting regs.
Source: Water Companies Are Increasingly Uninsurable Due to Ransomware, Industry Execs Say | ProgramBusiness