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Indian River County Board ofCountyCommissioners <br />Executive Summary (Cont.) <br />Below is a brief comparison of the current program vs. renewal. <br />Cyber / Excess Cyber Liability <br />In 2014 the County purchased Cyber Liability with AIG. This year AIG has offered a renewal at $19,443; <br />$11 increase. AIG has made the following material changes to the renewal terms and conditions: <br />NeWfonrns <br />f sa!tty 16-17 1 $154,745 $73,766,151 <br />$.209d7 <br />19fety 17-18 $164,688 $78,516,177 <br />$,2097 <br />Safi 18-19 $171,216 ! $81,628,780 <br />$2097 <br />5% 3.95% <br />0% <br />0� <br />Cyber / Excess Cyber Liability <br />In 2014 the County purchased Cyber Liability with AIG. This year AIG has offered a renewal at $19,443; <br />$11 increase. AIG has made the following material changes to the renewal terms and conditions: <br />NeWfonrns <br />—PCI -doveGFeAmendatory Endorsement 123724 03/17 <br />Broadens PCI language to include servicer <br />processor and indemnity requirements under an <br />MSA <br />Cyber Extortion Coverage Enhancement Endorsement <br />Adds threat consultant, bitcoin or other <br />(Threat Consultant Bitcoin Ransomeware) 123622 03/17 <br />cryptocurrency as payment, specifically <br />acknowledges ransomware <br />First Response Coverage Endorsement 12365103/17 <br />Limits $0 retention to the first 72 hours for a First <br />Response Advisor, after 72 hours expenses will <br />erode the County's $25,000 retention <br />Modified Cyberterrorisrn Coverage Endt (Delete Warlike <br />Removes 'warlike operation' from the exclusionary <br />Operation) 12368103/17 <br />warding <br />Computer System Definition Amendatory Endorsement <br />Adds cloud computing to definition of computer <br />125927 07/17 <br />system in CE <br />Confidential Information and Regulatory Action <br />Adds GDPR language to definition of Confidential <br />Definitions Amended 12439106/17 <br />Information and Regulatory Action <br />Intellectual Property Exclusion Amended Endorsement <br />Amends IP exclusion in S&P and EM to limit <br />123624 03/17 <br />misappropriation of a trade secret which is done by <br />or on behalf of an insured company, in effect <br />granting a carve back for misappropriation of a trade <br />secret by a rogue employee <br />Loss Definition Amended Endorsement 12277711/16 <br />Amends time of coverage in NI from 120 up to 150 <br />Loss Definition Amended Endorsement (Forensic <br />Gives the insured a $50k sublimit to establish I prove <br />Accounting Costs; Sublimit $50k) 123811 3/17 <br />their loss <br />Law Enforcement Cooperation Endorsement 123224 <br />Provides for cooperation with law enforcement that <br />10116 <br />keeps details of a loss confidential from the insurer <br />to not be considered a delay in reporting or non- <br />cooperation with the terms of the policy <br />EM -Loss Definition Amended Endorsement 123226 <br />Add 'cause and scope' to forensic investigation and <br />10/16 <br />gives express coverage for breach counsel <br />Watercraft — Hull / Protection & Indemnity <br />The renewal premium offered by Great America is $7,808; an $11 premium increase. <br />This year Great American to offered a Vessel Pollution quote. The pollution policy would provide <br />coverage for spills from vessels. The coverage would include clean up, third party damage, defense and <br />fines. The premium to add this coverage is $1,025. <br />Arthu'r J. Gallagher Risk Mnagemcn t1s,�-rvice, Inc, <br />179 <br />9 <br />