Examining the Evolving Cyber Insurance Marketplace

March 19, 2015

253 Senate Russell Office Building

U.S. Sen. Jerry Moran (R-Kan.), chair of the Subcommittee on Consumer Protection, Product Safety, Insurance, and Data Security, will convene a hearing on Thursday, March 19, 2015, at 10:00 a.m. entitled “Examining the Evolving Cyber Insurance Marketplace.” The hearing will explore the growing cybersecurity risk insurance market and hear from experts about coverage, challenges, and opportunities in the industry and the impact on cybersecurity.
 
The Committee’s cybersecurity activity this Congress began with two hearings last month. The first hearing examined the National Institute of Standards and Technology (NIST)’s partnership with the private sector to improve critical infrastructure cybersecurity. NIST’s continuing role was codified in S. 1353, the Cybersecurity Enhancement Act of 2014 (P.L. 113-274), originally introduced by Commerce Committee Chairman John Thune (R-S.D.) and former Chairman Rockefeller (D-W.Va.). The second hearing informed Committee efforts in crafting a federal data breach bill. Sen. Moran’s hearing on Thursday will continue the Committee’s examination of cybersecurity issues.
 
Witnesses:

- Mr. Ben Beeson, Vice President, Cyber Security and Privacy, Lockton Companies
- Ms. Catherine Mulligan, Senior Vice President, Management Solutions Group, Zurich North America
- Ms. Ola Sage, Chief Executive Officer, e-Management
- Mr. Michael Menapace, Counsel, Wiggin and Dana LLP; Adjunct Professor of Insurance Law, Quinnipiac University School of Law

Hearing Details:
 
Thursday, March 19, 2015
10:00 a.m.
 
Consumer Protection, Product Safety, Insurance, and Data Security Subcommittee hearing entitled “Examining the Evolving Cyber Insurance Marketplace"
 
This hearing will take place in Senate Russell Office Building, Room 253. Witness testimony, opening statements and a live video of the hearing will be available on this page.

For reporters interested in reserving a seat, please contact the press gallery:

• Periodical Press Gallery – 202-224-0265

• Radio/Television Gallery – 202-224-6421

• Press Photographers Gallery – 202-224-6548

• Daily Press Gallery – 202-224-0241


Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for the webcast hearing, should contact Stephanie Gamache at 202-224-5511 at least three business days in advance of the hearing date.

Webcast

Majority Statement

  • Chairman Jerry Moran

Witness Panel 1

  • Mr. Ben Beeson

    Vice President, Cyber Security and Privacy
    Lockton Companies
    Beeson Testimony (94.35 KB)
  • Ms. Catherine Mulligan

    Senior Vice President
    Management Solutions Group, Zurich North America
    Mulligan Testimony (123.78 KB)
  • Ms. Ola Sage

    Chief Executive Officer
    e-Management
    Sage Testimony (211.33 KB)
  • Mr. Michael Menapace

    Counsel
    Wiggin and Dana LLP; Adjunct Professor of Insurance Law, Quinnipiac University School of Law