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Council approves Tokyo Marine HCC cyber-liability coverage with $50,000 retention; limits conditional on VPN completion
Summary
The council approved a contract recommendation to obtain cyber liability insurance through Tokyo Marine HCC with $5 million limits and a $50,000 retention; the insurer will temporarily reduce limits until the city's VPN security is validated.
The Odessa City Council approved a contract recommendation to secure cyber liability insurance from Tokyo Marine HCC, with coverage limits up to $5 million and a retention (deductible) of $50,000.
Yvette, presenting the item, said Tokyo Marine HCC offered up to $5 million across coverage tiers. She told council the policy includes a $50,000 retention and that…
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