Archived Insight | November 12, 2019

Can the Right Insurance Help Mitigate Cyber Risk?

Winter 2019, NCPERS e-Newsletter PERSist

Sponsors of public sector employee benefit plans may assume that the vendors that service the plans they oversee have adequate insurance in case there is a breach.

Social Default

Want to learn more?

Read more details in the full publication.

Download Now

However, the trustees and committee members may find that the vendors are inadequately covered or that a breach can be traced to actions by the plan. Situations such as this point to the need for the plan to have its own cyber liability insurance.

An article by Diane McNally, Senior Vice President and Segal Select Insurance Practice Leader, that appeared the National Conference on Public Employee Retirement Systems e-newsletter looks at the increasing need for separate coverage and the features found in well-designed policies.

Female Doctor With Laptop Senior Male Patient And Son Prescription

Medicare Part D Drug Benefit Program Changes for 2020

The Medicare Part D standard benefit design parameters will be higher in 2020.
Businesswoman Suffering From Pain Of Lower Back

HSA-Qualified HDHPs May Now Cover Preventive Care Services

The Treasury Department and the IRS have expanded the list of preventive care benefits from HSAs and HDHPs.
Construction Workers Measuring Iron Mesh

DOL Releases Updated Overtime Rule

On September 24, 2019, the DOL announced a final rule governing the salary threshold for overtime exemptions on certain employees.

This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.

Don't miss out. Join 16,000 others who already get the latest insights from Segal.