AGENDA CAPTION:
Title
Consider approval of Resolution 2024-149R, approving an Interlocal Agreement with Pool Members through the Texas Municipal League Intergovernmental Risk Pool (TMLIRP) to form a joint self-insurance pool to be named the Texas Municipal League Joint Cyber Liability and Data Breach Response Self-Insurance fund to cover cyber liability and data breach response exposures; authorizing the City Manager, or her designee, to execute said agreement on behalf of the city; and declaring an effective date.
Body
Meeting date: August 20, 2024
Department: Human Resources
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Background Information:
The TMLIRP recognizes members’ growing cyber liability and data breach exposure and began providing limited coverage at a minimal cost. As cyber risks have continued to grow, the TMLIRP board has created a Cyber Liability and Data Breach Response Self-Insurance Fund to provide broader cyber and data breach coverage options. To continue receiving cyber liability and data breach coverage through TMLIRP, the City must submit the attached Cyber Liability and Data Breach Response Interlocal Agreement to join the new Cyber Liability and Data Breach Response Self-Insurance Fund by September 30. 2024. This will allow us to continue our current levels of coverage and provide options for expanded coverage. We are exploring those options as information becomes available.
The Texas Municipal League Intergovernmental Risk Pool was formed in 1974 through a coalition of member public entities to provide a sustainable method for public entities to self-insure assets, operations and workers compensation.
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Recommendation:
Staff recommends the City Council approve the Resolution for the attached TMLIRP Cyber Liability and Data Breach Response Interlocal Agreement.