U.S. Sen. Jerry Moran (R-Kan.), chair of the Subcommittee onConsumer Protection, Product Safety, Insurance, and Data Security,held a hearing March 19 titled "Examining the Evolving Cyber Insurance Marketplace." Thehearing explored the growing cybersecurity risk insurance marketand heard from experts about coverage, challenges, andopportunities in the industry and the impact on cybersecurity.

The March 19 event followed two previous hearings that were heldlast month on the same topic. The first one, "Building a More Secure Cyber Future: Examining Private SectorExperience with the NIST Framework," examined the federalNational Institute of Standards and Technology (NIST)'s partnershipwith the private sector to improve critical infrastructurecybersecurity. (NIST's continuing role in cybersecurity was definedin the Cybersecurity Enhancement Act of 2014.) The second hearing,"Getting It Right on Data Breach and Notification Legislation inthe 114thCongress," provided the Committee with moreinformation to assist its efforts in drafting a federal data breachbill.

Joining a distinguished roster of previous industry experts, thewitnesses were

  • Ben Beeson, vice president, Cyber Security and Privacy, LocktonCompanies,
  • Catherine Mulligan, senior vice president, Management SolutionsGroup, Zurich North America,
  • Ola Sage, chief executive officer, e-Management, and
  • Michael Menapace, counsel, Wiggin and Dana LLP; AdjunctProfessor of Insurance Law, Quinnipiac University School ofLaw.

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Rosalie Donlon

Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].