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<div class="moz-cite-prefix">Hello,<br>
it sounds very US-centric and very detailed, "<i>MUST be with a
company rated no less than A- as to Policy Holder’s Rating in
the current edition of Best’s Insurance Guide"</i> seems to be
not applicable for "Rest of World." <br>
Best regards<br>
arno<br>
<br>
<br>
Am 08.07.2014 17:04, schrieb Ben Wilson:<br>
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<p class="MsoNormal"><span
style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";color:#1F497D">All,<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";color:#1F497D">Based
on feedback received so far from several international cyber
insurance experts, here is a current iteration for revisions
to Section 8.4 of the EV Guidelines (redlined PDF
attached). <o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";color:#1F497D">This
is only for the EV Guidelines and would apply to CAs
desiring to issue Extended Validation Certificates. <o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";color:#1F497D">This
wording may be further refined based upon your input to
Jeremy’s question and as any other information from
insurance experts comes in. <o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";color:#1F497D">Please
check with your insurance brokers to confirm that you either
already have these coverages or that these can be obtained
by your company at reasonable cost.<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";color:#1F497D">Thanks,<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";color:#1F497D">Ben<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<h2><span
style="font-size:12.0pt;line-height:115%;font-family:"Times
New Roman","serif";color:windowtext">8.4.Insurance
<o:p></o:p></span></h2>
<p>Effective _______, each CA SHALL continuously <span
style="color:black">maintain the following insurance related
to its performance and obligations under these Guidelines:</span><o:p></o:p></p>
<p style="margin-left:.5in;text-indent:-27.35pt">(A) <span
style="color:black">insurance covering damages to systems,
data, or software and for business interruptions due to
natural disaster, fire, IT security failure, malware, cyber
attack / criminal hacker, or theft, in the amount of </span>at
least two million US dollars ($2 million) in coverage; and<span
style="color:black"> </span><o:p></o:p></p>
<p style="margin-left:.5in;text-indent:-27.35pt">(B) Technology
Errors and Omissions insurance, with policy limits of at least
five million US dollars ($5,000,000 per claim and in the
aggregate) covering financial damages to third parties arising
out of a negligent act, error, or omission in the performance
of technology services under these Guidelines with coverage to
be kept in place for all periods during which an EV
Certificate issued by the CA is still valid. If coverage is
non-renewed or canceled, the CA shall purchase extended
reporting period coverage for at least a two-year period.
Territory of coverage shall be global, except for countries
sanctioned by the United States or the European Union. <o:p></o:p></p>
<p>Such insurance <span style="text-transform:uppercase">must</span>
not exclude coverage when providing public key infrastructure
services and MUST be with a company rated no less than A- as
to Policy Holder’s Rating in the current edition of Best’s
Insurance Guide (or with an association of companies each of
the members of which are so rated). <o:p></o:p></p>
<p><span style="color:black">A CA MAY self-insure for
liabilities that arise from such party's</span> performance
and obligations under these Guidelines<span
style="color:black"> provided that it has at least five
hundred million US dollars in liquid assets based on audited
financial statements in the past twelve months, and a quick
ratio (ratio of liquid assets to current liabilities) of not
less than 1.0. </span><o:p></o:p></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span><br>
</p>
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</blockquote>
<br>
<pre class="moz-signature" cols="72">--
Arno Fiedler
Nimbus Technologieberatung GmbH
Reichensteiner Weg 17
14195 Berlin
Mobil: 0049-(0)172-3053272
Fax: 0049-(0)30-89745-777
E-Mail: <a class="moz-txt-link-abbreviated" href="mailto:arno.fiedler@nimbus-berlin.com">arno.fiedler@nimbus-berlin.com</a>
Web: <a class="moz-txt-link-abbreviated" href="http://www.nimbus-berlin.com">www.nimbus-berlin.com</a>
Geschäftsführer: Arno Fiedler
USt-IdNr. : DE 203 269 920
D-U-N-S® Nr. 50-730-8117
HandelsregisterNr:HRB 109409 B</pre>
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