Progressive Casualty Insurance Company has added a new coverage to its American Bankers Association (ABA)-sponsored Financial Institution Program. The coverage, Privacy Liability and Mitigation Expense, is designed to address bankers' concerns regarding privacy and identity theft issues, and is now available in most states.

Covering banks' liability arising from unauthorized access to confidential customer information, Privacy Liability and Mitigation Expense also provides reimbursement for banks' post-security breach expenses, including customer notification, account reissuance, credit monitoring services to detect potential fraud and public relations counsel, if needed.

Progressive's Financial Institution Program, which is sold by independent agents countrywide, is endorsed by 27 state bankers associations and offers community banks Directors and Officers, Internet Banking, Fiduciary and Employment Practices Liability coverages, as well as Financial Institution Bond and other related insurance products.

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