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Wednesday, February 11, 2015

ABIA Testifying at NCOIL Cybersecurity Hearing

Cyber Loss and Insurance: What Happens When the "Big One" Hits?
On February 27, legislators will explore how cyber-risk affects the insurance industry and look at efforts, both public- and private-sector, to address emerging concerns. The session will examine the types of events insurers should be concerned about and why and how breaches of security are possible, as well as how regulators are addressing cyber liability concerns and how cyber insurance issues are playing out in the larger financial services sector.  The session will include perspectives from the United States Department of Homeland Security (DHS), the Department of Defense (DOD), the American Banker's Insurance Association (ABIA), Zurich, and a state insurance regulator.
Please contact ABA's Renée Galbraith if you have any questions.