David Weiss

David Weiss

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Hackers Don’t Care About the Terms of Your Insurance Policy - The Importance of Retroactive Dates and Extended Reporting Periods...

A recent study reports that the median amount of time between an intrusion into a company’s computer network and the discovery of the incident is 229 days. The difficulty and length of time in detecting cyber infiltrations...more

11/20/2014 - Corporate Counsel Cyber Insurance Cybersecurity Data Breach Hackers Retroactivity

As Fear of Ebola Widens, Corporate Policyholders Seek To Prevent Loss While Insurers Seek To Exclude Loss

In response to the widespread fear of Ebola, at least one insurance company is seeking to protect itself from potentially significant financial loss in the event Ebola continues to spread beyond Africa by adding...more

10/24/2014 - Casualty Insurance Ebola Insureds Insurers Policy Exclusions Property Insurance

Financial Cost of Ebola Crisis Sparks Insurance Coverage Questions

Ebola has become a worldwide crisis. It has ravaged Liberia and other West African countries. It has been diagnosed in Europe. And, cases are now being reported in the United States. While the cost to human life is...more

10/17/2014 - Commercial General Liability Policies Ebola Insurers Liability Insurance Scope of Coverage

Cyber, Data-Security Liability Claims: Coverage Under Traditional Lines of Insurance

Recent, large-scale data breaches at several well-known companies underscore the substantial risk that businesses now face with respect to cyber, data-security liability. In this year alone, numerous companies – including...more

9/9/2014 - Cyber Insurance Cybersecurity Data Protection Popular

The Napa Earthquake Reminds Us To Protect Insurance Rights in the Aftermath of Disaster

The August 24 earthquake in Napa Valley and the numerous after-shocks caused significant damage to businesses throughout the area. Although the overall financial impact directly attributed to damaged property at local...more

9/5/2014 - Earthquakes Napa Valley Property Damage Property Insurance

Cyber and Data Security and Privacy Liability: The Problem Isn’t Going Away. Get Out in Front of the Problem By Insuring Your...

On August 6, 2014, the New York Times – and other media outlets – reported that a Russian crime ring had amassed the largest known collection of stolen Internet data – a cache of at least 1.2 billion user name and password...more

8/8/2014 - Cyber Attacks Cybersecurity Data Breach Data Protection Hackers Popular Russia

Policyholders with Long-Tail Claims Under Liberty Mutual Policies Should Be Prepared for 'Sea Change' in Claims Handling After...

On July 17, 2014, Liberty Mutual Insurance Company announced that it had entered into a multi-billion-dollar “retroactive reinsurance” arrangement with National Indemnity Company (“NICO”), a subsidiary of Berkshire Hathaway,...more

7/21/2014 - Asbestos Berkshire Hathaway Liberty Mutual Insurance Company Long-Tail Claims National Indemnity Company Reinsurance

Protect Your Mortgage Insurance Rights Now Before It Is Too Late

The Federal Housing Finance Agency (FHFA) recently announced changes to mortgage insurance (MI) master policy requirements. The FHFA has worked with the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to...more

3/13/2014 - Fannie Mae FHFA Freddie Mac Mortgage Insurance Fund Mortgages

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