NEWS RELEASE
Oct. 8, 2008
ABA Media Contact: John Hall
(202) 663-5473
E-mail: jhall@aba.com

Progressive Media Contact: Cristy Cote
(440) 395-0135
E-mail: cristy_cote@progressive.com

ABA-SPONSORED INSURANCE PROGRAM INTRODUCES
RISK HELPLINE AND WEB SITE FOR BANKS
Free Loss Prevention Portal Helps Policyholders Manage Risk

WASHINGTON — Bankers can better manage their cyber risk with a new Web-based loss prevention tool announced today by the American Bankers Association-sponsored Insurance Program, which is underwritten by Progressive Casualty Insurance Co.  Called eRisk Hub, it is provided at no charge to policyholders who purchase Internet/Electronic Banking Liability coverage from Progressive.  Progressive currently provides professional liability and bond products to more than 1,700 community banks.

The new loss control tool provides an Incident Hotline, for immediate triage assistance in the event of a breach; a directory of expert resources for handling privacy and security issues; and a news center to help policyholders keep abreast of best practices and regulatory guidelines and prepare detailed, comprehensive response plans.

Founded and managed by NetDiligence®, a leading cybersecurity and e-risk assessment services company, eRisk Hub features informative content from leading cyber risk experts (including risk management, computer forensics, forensics accounting, crisis communications, legal and other specialists.)

"Our Internet Banking Liability Policy provides broad insurance coverage to our banks since it’s hard to predict all of the risks they'll face in the quickly evolving electronic arena," said John Wells, director of Progressive's professional liability group.  "We are excited to now provide them with tools they can use to better understand and manage those risks."

For more information about Progressive’s professional liability group, visit www.banks.progressive.com

About American Bankers Association
The American Bankers Association brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America’s economy and communities. Its members – the majority of which are banks with less than $125 million in assets – represent over 95 percent of the industry’s $13.3 trillion in assets and employ over 2 million men and women. ABA can be found on the Internet at www.aba.com.

About Progressive
Progressive Casualty Insurance Company has earned an "A+" (Superior) rating from the A.M. Best Company.  According to A.M. Best, a superior rating is assigned to companies that have, on balance, superior financial strength, operating performance and market profile when compared to the standards established by the A.M. Best Company. These companies, in the opinion of A.M. Best, have a very strong ability to meet their ongoing obligations to policyholders. For more information about Progressive’s Professional Liability Group, visit www.banks.progressive.com

About NetDiligence
NetDiligence, a cybersecurity & e-risk assessment services company, provides due diligence products to help clients determine how well their organizations' network security and privacy practices measure up against known industry standards, as well as regulatory and insurance carrier requirements. Using proprietary methodologies and tools anchored in proven risk management principals, NetDiligence provides a full range of enterprise-level information security, e-risk insurability and regulatory compliance assessment and testing services. NetDiligence supports and is endorsed by some of the world's largest network liability insurance underwriters. www.NetDiligence.com.

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