Listed below is a selection of articles written by Segal Select Insurance experts that have appeared in outside publications.
Sponsors of public sector employee benefit plans may assume that the vendors that service the plans they oversee have adequate insurance in case there is a breach.
However, the trustees and committee members may find that the vendors are inadequately covered or that a breach can be traced to actions by the plan. Situations such as this point to the need for the plan to have its own cyber liability insurance.
An article by Diane McNally, Senior Vice President and Segal Select Insurance Practice Leader, that appeared the National Conference on Public Employee Retirement Systems e-newsletter looks at the increasing need for separate coverage and the features found in well-designed policies.
Need for Cyberliability Insurance Continues to Grow
By Matthew E. Jackson, May 2015, Benefits Magazine
Does Your Employee Benefit Plan Need Cyber Liability Insurance?
By Mark A. Dobrow, October 2013, HR News Magazine
Insurance Protection for ERISA Funds: What New (and Even Veteran) Trustees Need to Know
By Joseph Semo, April 2013 Benefits Magazine