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Move is linked to the Terrorism Risk Insurance Program (TRIP) & potential increased industry role by US Treasury Department. “Treasury is navigating a narrow course between trying to work with…
Read More “Feds Looking for More Cyber Insurance Data From Providers ” »
Our prediction is plenty of wrangling on the definition of “materiality.” “The new requirement applies to any cybersecurity incidents that are expected to materially impact a bank’s ability to provide…
Read More “Feds Give Banks 36-hour Deadline for Reporting “Material” Cyber Incidents ” »
“‘Progressive versions of workers’ comp have led to improved employee health and safety measures and proactive prevention efforts to reduce the risk of workplace injuries,’ Kundi said. ‘Similarly, as we…
Read More “CEO Predicts Cyber Insurance Will Become Mandatory, Like Worker’s Comp” »
“Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently.” Source: For Now, No…
Article notes that some Aussie businesses are slacking off on cyber security after they get coverage. Plus, local regulators are prodding cyber insurers to ensure their own cybersecurity houses…
Read More ““Uninsurable” Australian Businesses Face Boom in Cyber Attacks” »
The answer in most cases appears to be “no.” “A cyber liability policy could respond to an SEC investigation, depending on the policy’s wording, ‘but there’s a big caveat to…
Read More “SEC Cracks Down on Cyber Disclosures: Does Cyber Insurance Cover Costs & Fines? ” »
“The National Institute of Standards and Technology will work with Microsoft, Google and the insurance industry companies Travelers and Coalition to create a new framework designed to help guide the…
“The Act establishes investigation procedures, data security program standards, and notification requirements for anyone licensed by Wisconsin’s Office of the Commissioner of Insurance (licensees), including insurers and agents. Exempt from…
Read More “Wisconsin Joins Maine and Iowa as Recent Adoptees of New Cybersecurity Insurance Law ” »