U.S. critical infrastructure remains exposed to cyberattacks with limited insurance protection available, a recent government report announced. In an interview with Business Insurance, Partner Peter Halprin addressed the need for insurers to be clear which direction they want to take cyber coverage in, as many have taken steps to limit their losses from such attacks.
“Insurers are looking to grow the market and to promote what cyber insurers can do for policyholders. At the same time, they’re looking to restrict coverage, increase deductibles and retentions, and lower limits,” Halprin said.
Insurers “need to be clear which direction they want to take this in,” he said.
Halprin wrote/spoke on these issues:
- “Cyber Insurance for Critical Infrastructure and Debate About War,” IIoT World (Nov. 5, 2019)
- 2016 Georgia Tech conference: https://2016.icscybersecurityconference.com/list/descriptions/type/Panel
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