Survey: U.S. insurers earned $1B in cyber premiums last year
August 26, 2016
U.S. insurers took in almost $1 billion in premiums last year for writing cybersecurity policies, according to new figures from credit analysts at Fitch Ratings.
David Stegon was a staff reporter for FedScoop and StateScoop from 2011-2014.
Congressman Darrell Issa released a one-page draft of a bill that would impose a two-year ban on new laws or regulations that affect the Internet.
"The Internet American Moratorium Act" would prohibit Congress and all regulatory agencies from enacting rules that affect the Internet for two years, excluding national security emergencies.
Issa held a chat on Reddit Wednesday morning to further discuss the proposed legislation.
"Together, we can make Washington take a break from messing w/ the Internet," Issa said on Reddit, where he also invited users to suggest changes to the proposed bill.
Issa was an outspoken critic of the Stop Online Piracy Act, which would have penalized websites that host pirated content. That bill died this year amid near-unanimous opposition from the technology industry.
When asked why the congressman introduced the bill, a spokesman for Issa told CNN, "After SOPA and PIPA (the Senate's similar Protect Intellectual Property Act), it became very clear that we needed a cooling-off period to figure out a better way to create policy that impacts Internet users, job creators and all Americans."