Insurance on a project is a vital tool with which to manage project risk. In a warming world with ever larger and more complex projects, insurance becomes that much more important to ensure that projects can stay on track...more
All public pension plans need a well-crafted fiduciary liability insurance policy. This should include ample coverage, including protection against the risk of impending litigation. The recent ruling by the U.S. Court of...more
7/9/2021
/ Breach of Contract ,
Declaratory Relief ,
Denial of Insurance Coverage ,
Duty to Defend ,
Fiduciary Duty ,
Fiduciary Liability Insurance ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Pensions ,
Policy Exclusions ,
Public Pension ,
Retirement ,
Retirement Plan
Each month, Nossaman's complimentary Employment BUZZ webinar series covers a different topic of interest to employers, including tax, insurance, intellectual property and employment issues. These "quick hit" 30-minute...more
2/23/2021
/ Business Interruption ,
Commercial General Liability Policies ,
Coronavirus/COVID-19 ,
Cyber Insurance ,
D&O Insurance ,
Employer Liability Issues ,
Employment Practices Liability Insurance (EPLI) ,
Infectious Diseases ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation
Each month, Nossaman's complimentary Employment BUZZ webinar series covers a different topic of interest to employers, including tax, insurance, intellectual property and employment issues. These "quick hit" 30-minute...more
2/10/2021
/ Business Interruption ,
Commercial General Liability Policies ,
Continuing Legal Education ,
Coronavirus/COVID-19 ,
Cyber Insurance ,
D&O Insurance ,
Employer Liability Issues ,
Employment Practices Liability Insurance (EPLI) ,
Infectious Diseases ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Webinars
On August 23, 2017, in a split Opinion, the Ninth Circuit issued its ruling in Los Angeles Lakers, Inc. v. Federal Ins. Co., Case No. 15-55777 (9th Cir. Aug. 22, 2017), an insurance coverage dispute related to an underlying...more
A few weeks back, the Insurance Recovery report posted a blog about the difficulty obtaining insurance coverage for “fake president” fraud, which is also known as business e-mail compromise, or social engineering fraud. Two...more
8/3/2017
/ Computer Fraud Insurance ,
Corporate Counsel ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Denial of Insurance Coverage ,
Email ,
Insurance Industry ,
Phishing Scams ,
Policy Terms ,
Social Engineering ,
Wire Fraud
In the last few weeks, we have seen yet another widespread ransomware attack that hit nearly one hundred companies around the world. It reminded me of a recent request from a client, made just after news broke of the...more
7/11/2017
/ Corporate Counsel ,
Cyber Attacks ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Email ,
Hackers ,
Information Technology ,
Insurance Industry ,
Policy Terms ,
Popular
On Monday, the California Supreme Court revived a 2011 insurance regulation designed to protect homeowners from underinsurance because of the insurance company’s use of potentially misleading estimates for home replacement...more
1/30/2017
/ CA Supreme Court ,
Denial of Insurance Coverage ,
Homeowner's Insurance ,
Homeowners ,
Insurance Commissioners ,
Insurance Industry ,
Natural Disasters ,
Policy Limits ,
Property Damage ,
Regulatory Oversight ,
Replacement Costs ,
Wildfires
On October 25, the Privacy Law Report featured a blog post on new cybersecurity regulations being implemented by the New York Department of Financial Services (“DFS”). Those regulations impose a number of requirements on...more
A report issued last week by Beazley, one of the prominent insurance companies in the cyber field, revealed what industry experts predicted earlier in the year – ransomware is an increasingly prevalent menace. That report is...more
Can an excess carrier go ahead and fund an excess primary limits settlement and then assert a claim for bad faith against the primary insurer who previously refused to accept and fund a prior in-limits policy demand? On...more
It was recently revealed that the Hollywood Presbyterian Medical Center paid $17,000 in bitcoins as ransom to hackers who infiltrated and disabled its computer network. This is not the first time hackers have held up a...more
For policyholders and attorneys that have feared the lack of coverage for data breaches under traditional policies (CGL, property), a recent ruling suggest that it is not time to write off those policies as a potential source...more