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Insure Cybersecurity Act of 2025
6/25/2025, 6:26 PM
Summary of Bill S 245
The main goal of this bill is to increase awareness and understanding of cyber insurance among businesses and individuals. With cyber attacks becoming more prevalent and sophisticated, having adequate insurance coverage is crucial for protecting against financial losses and reputational damage.
By creating a working group dedicated to cyber insurance, the bill seeks to promote collaboration and information sharing among industry stakeholders. This will help ensure that both issuers and customers have access to the most up-to-date and relevant resources to make informed decisions about their cyber insurance needs. Overall, Bill 119 s 245 is a proactive measure to address the evolving landscape of cyber threats and the importance of cyber insurance in mitigating risks. It underscores the government's commitment to promoting cybersecurity and resilience in the digital economy.
Congressional Summary of S 245
Insure Cybersecurity Act of 2025
This bill requires the National Telecommunications and Information Administration (NTIA) to establish a working group on cyber insurance policies. Under the bill, these are defined as policies that offer coverage for losses, damages, and costs incurred due to cyberattacks and related incidents.
The working group is directed to analyze and address issues in the cyber insurance market facing both insurers and their customers. Specifically, the working group must develop information for customers on how to effectively evaluate policy options, and for insurers on how to clearly communicate with customers regarding policy provisions.
Additionally, the working group is directed to analyze and explain in layman’s terms
- terminology commonly used in cyber insurance policies, including terminology used to include or exclude coverage for losses from cyber incidents;
- how common policy provisions correspond to cyber incidents and potential responses, including ransomware and potential ransom payments; and
- constraints faced by insurers in covering higher losses in cyber risk areas, such as reputational damage and loss of intellectual property.
At the conclusion of the working group's term, NTIA must publish and disseminate informative resources for cyber insurance stakeholders, including any recommendations formulated by the working group.
Read the Full Bill
Current Status of Bill S 245
Bipartisan Support of Bill S 245
Total Number of Sponsors
10Democrat Sponsors
10Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 245
Primary Policy Focus
Science, Technology, CommunicationsAlternate Title(s) of Bill S 245
Comments
Gabriella Currin
10 months ago
Seems like a step in the right direction. Interested to see how it plays out. #CyberInsurance.
Riley Bullard
10 months ago
This bill is unnecessary.
Fernando Hardin
5 months ago
I dunno much bout this bill 245 thing but it sounds like it gonna mess with my internet stuff. Who even benefits from this mess?
Adalyn Pitts
9 months ago
I heard about this new bill about cybersecurity and I think it's important for keeping our information safe online. I don't know all the details about it, but I think it's a good idea to have more protection against hackers and cyber attacks. I'm glad that this bill is being passed to help keep us safe online. It's important for everyone to benefit from this bill, especially in today's digital age.
