Guest Author: Vince Vitkowsky, Partner, Seiger Gfeller Laurie LLP
The Department of Homeland Security (DHS) National Protection and Programs Directorate (NPPD) has convened a series of sessions focusing on developing the first-party cyber insurance market. The most recent session was held on April 7, 2014, and it included representatives from 10 insurance brokers, 10 insurance underwriters, and 10 reinsurers. On July 22, DHS released its Readout Report of that Session. The entire 44-page Report, together with the Reports of three earlier sessions, can be found here on the Homeland Security website. The April 7 Session focused on three subjects, and the distilled essence is described below.