Domain name registrars will no longer be required to procure comprehensive general liability (CGL) insurance to maintain ICANN accreditation, the Internet Corporation for Assigned Names and Numbers announced Sept. 30.
The requirement to carry $500,000 in CGL insurance was hindering the development of the domain name industry in certain parts of the world, particularly Africa and the Middle East, ICANN’s board of directors said in the Sept. 28 resolution that waived the requirement for all registrars, effective immediately.
“Following 18 months of research, analysis and community consultation, the Board determined that this type of insurance may not serve its intended ...
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