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Minnetonka Council approves $49,986 AIG cybersecurity policy with $5 million incidental coverage
Summary
The Minnetonka City Council voted 7-0 to accept a cybersecurity insurance quote from AIG for $49,986 annually, citing gaps in existing coverage and added incident response and training services.
On Oct. 20, 2025, the Minnetonka City Council voted to accept a cybersecurity insurance quote from AIG totaling $49,986 annually to supplement the city’s existing coverage.
City staff told the council the purchase is intended to fill limits in the City’s current policy and to provide incident response, legal and public-relations support and additional employee training. “AIG’s proposal includes $5,000,000 in incidental coverage plus complimentary services,” a city staff presenter said. The council approved the motion on a 7-0 roll call after a brief discussion of cost and funding.
Why it matters: city staff said cyberattacks are a growing risk for local governments and noted that the city’s…
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