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Leoti to receive $25,000 cyber insurance recovery; net payment $22,500 after deductible
Summary
City Clerk Jeannine Hassell reported HSB Insurance deemed the city's cyber claim a 'wrongful transfer costs' case and approved $25,000 in recovery, subject to a $2,500 deductible (net $22,500). The council recorded the insurer's determination on Nov. 3.
City Clerk Jeannine Hassell told the council on Nov. 3 that HSB Insurance has deemed the city's previously filed cyber claim to fall under ‘‘wrongful transfer costs’’ and that documentation supports a recovery of $25,000 less the policy deductible of $2,500, yielding an expected net payment of $22,500.
Hassell reported that the notice from HSB Insurance was received Oct. 30, 2025. The minutes do not specify how the payment will be allocated in the city budget or whether any additional expenses remain unreimbursed; the clerk also announced that city hall and the shop will be closed Nov. 11 for Veteran's Day.
