Aerospace Group:

Business/Financial

Use Of Cyber Insurance On The Rise But Products Remain Pricey, Experts Say

By Cal Biesecker

Tuesday, March 22nd, 2016

SHARE:

Use Of Cyber Insurance On The Rise But Products Remain Pricey, Experts Say

Customers of the insurance brokering and risk management firm Marsh, LLC, are increasingly buying cyber insurance with most of the buyers being companies that aggregate personal data, a senior company official told a House panel on Tuesday.In 2015, sales of cyber insurance policies climbed 27 percent, 2014 sales of the policies were up 32 percent and 2013 purchases jumped 21 percent, Matthew McCabe, senior vice president at Marsh, testified before the House Homeland Security cybersecurity and infrastructure protection subcommittee. Marsh…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]