Cybersecurity & Tech
What is happening? Cyber security insurance rates are rising. Cities re reporting that they are paying twice the cost for half the coverage.
Why is this important? According to a survey 69% of cities have more expensive policies than last year. For the pooled Maryland Local Government Insurance Trust, premiums rose 300%
How will this be important? The Russian invasion of the Ukraine will also test policy clauses that “war exclusion” and “hostile act exclusion” language in the policies
Route Fifty | Governments Confront Rising Cyber Insurance Rates
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