AXA XL Introduces Endorsement to Help Public Companies Address SEC Cyber Reporting Costs

AXA XL introduced a cyber insurance endorsement for public companies that provides dedicated coverage for costs associated with complying with the U.S. SEC’s cybersecurity incident disclosure requirements, including investigation expenses and legal fees for filing a Form 8-K within four days of determining materiality. The product offers a sublimit designed to align with typical investigation and disclosure costs and allows clients to use their preferred securities counsel to support rapid, compliant breach reporting.