Nuts & Bolts: The St. Paul Companies launched a new product for community banks that will offer protection from the risks associated with conducting business on the Internet. Coverage would include legal liability for damages and defense costs for failure to protect private or confidential information of others from unauthorized access on or through the Internet, failure to prevent the transmission of a computer virus to authorized users of a bank’s Web site on or through the Internet, and failure to provide access to authorized users of a bank’s Web site on or through the Internet. Community banks with assets of $1 billion or less are eligible. Dollars: Coverage would include the bank’s legal liability for damages and defense costs.
Carrier: Rated “A XV.”
States Available: All.
Contact: Kim O’Connell, (651) 310-2883, kim.o’connell@stpaul.com
Was this article valuable?
Here are more articles you may enjoy.
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier 
Secret Codes and Yuan Fees Get Ships Through Iran’s Hormuz Tollbooth 
Toymaker Hasbro Reports Cybersecurity Incident 
Hands-Free Driving Systems Do Not Improve Safety, NTSB Says From This Issue
