In the News Press Release

Scrutiny, Breaches Increase Focus on Cyber Insurance

Publisher: Banker & Tradesman
July 10, 2016

Bill Goddard was quoted in an article, "Scrutiny, Breaches Increase Focus on Cyber Insurance," in Banker & Tradesman. In the article, Goddard discusses how although the cyber insurance market is set for rapid growth in the next few years, there are still many challenges that financial institutions face when buying cyber insurance. Those challenges include determining specific terms of coverage, lack of standardized policy forms and regulatory scrutiny. "Understanding this risk is hard for the really seasoned insurer who’s active in this market," Goddard said. "If you partner with a really careful insurer and a good broker, you can get a good program where cyber fits hand-in glove with your other coverage."

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