AIG to update casualty coverage to include cyber: exec

(Reuters) – American International Group Inc will issue an updated commercial casualty policy during the 2018 first quarter that includes cyber coverage, the insurer’s global head of cyber risk insurance said on Wednesday.

FILE PHOTO: The AIG logo is seen at its building in New York’s financial district March 19, 2015. REUTERS/Brendan McDermid/File Photo

AIG expects to increase rates for the policy because of the added coverage, said the insurer’s cyber coverage head, Tracie Grella.

Reporting by Suzanne Barlyn

Our Standards:The Thomson Reuters Trust Principles.

Tech