Travelers Bond, a unit of Travelers Property Casualty Corp., has become the first U.S. insurance company to offer financial institutions an insurance policy against cyber-fraud on PC banking customers.

Called the SafeWeb Remote Banking Insurance Master Policy, it covers U.S. home-banking customers against losses arising from unauthorized transactions in the customer's on-line account. The SafeWeb policy covers all Internet-based and direct-dial transactions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.