California-based NAS Insurance Services and Kentucky Hospital Insurance Company have entered into a new reinsurance arrangement for network security insurance.
The agreement provides for KHIC to cover the insured hospital’s liability for errors in electronic data management. The insurance also covers defense costs in the event of government investigation of the insured’s management of data.
The limits are $100,000 per claim and $300,000 in the aggregate for each of 20 Kentucky and Tennessee hospitals covered in the program. Higher limits are available to individual hospitals.
Source: NAS Insurance Services
Topics California Underwriting Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: The ‘Unbundled’ Insurer Emerges in Age of AI as Value Chain Fragments 
Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years 
Europe’s Insurers Cut Coverage of Weather Losses, Report Says 
NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge 
