What do cyber insurance rates look like in 2022?

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