The Intersection of Cyber and D&O Coverage
Regan Miller, RPLU on Cyber Risk
Investment Management Update - Focus on Data Privacy and Cybersecurity
Cyber Risks Facing Businesses Today
Why Cyber Security?
How to Respond to President Obama's Cybersecurity Executive Order
In This Issue:
- USA Freedom Act Brings Changes to Surveillance Program
- Connecticut Enacts Bill Imposing Tighter Data Security Obligations
- Pennsylvania Court Dismisses Data Breach Negligence...more
Insurance policies covering data breach liability began appearing roughly ten years ago. We noted then a troublesome provision in some forms that seemed to exclude coverage for the insured’s failure to maintain data security...more
In the wake of what seems to be daily announcements of new data security breaches and increased regulatory oversight over company information security and privacy practices, companies are looking for ways to minimize risks...more
When people think about data breaches, corporate giants like Target, Home Depot and Michael’s spring to mind. But even small businesses holding personal information can face costly consequences if a breach occurs.
Breathing a sigh of relief that he neither works for U.S. agencies requiring security clearances nor do his hiring policies require the details of mental illnesses, drug and alcohol use, past arrests, bankruptcies, Joe Hyre...more
It’s a familiar pattern. First, new risks inspire legislation and regulations that impose new penalties. Next, insurers and policyholders fight over whether the new liabilities are covered under traditional liability...more
As more and more companies of all sizes ranging across a wide spectrum of industries have been exposed to network and data security breaches in recent years, the market for insurance products dedicated to cover cyber risks...more
In this Presentation:
- Internet of Things - definition
- But what is it all about?
- But not just that...
- The IoT market in figures...
- Beecham Research - view of the World
- The Connected...more
There’s a tempest amidst the recent spring shower of “cyber” insurance cases. It isn’t the Recall Total case reported the week before last, or the Travelers v. Federal Recovery Services case reported the week before. While...more
In Travelers Prop. Cas. Co. of America v. Federal Recovery Services, Inc., et al., 2015 U.S. Dist. LEXIS 62185 (D. Utah May 11, 2015), Travelers issued its “CyberFirst” stand-alone cyber insurance policy to Federal Recovery...more
From the 2015 PLUS D&O Symposium session “Parting Shots: A Conversation with Industry Leaders,” moderator James Skarzynski (Skarzynski Black LLC) and panelists Dan Fortin (Berkshire Hathaway Specialty Insurance), Lisa Butera...more
New Jersey Supreme Court Rules Claimants May Be Entitled to Recover Attorneys’ Fees in Coverage Cases Even Without Establishing Liability in the Underlying Action -
Why it matters: The New Jersey Supreme Court recently...more
With data breaches affecting companies across virtually every industry, cyber security has remained front page news. Lawsuits brought by aggrieved consumers and financial institutions against companies that have suffered data...more
In the last month, both a federal and state court denied coverage for claims relating to an insured’s handling of electronic data. In the first case, a federal court held that there was no coverage under a cyber insurance...more
Although cybersecurity-specific insurance has become more popular in recent years, some policyholders have attempted to obtain insurance for cybersecurity losses under their commercial general liability (CGL) policies. The...more
On May 7, Columbia Casualty Company, an insurance company, filed one of the first lawsuits by an insurer seeking to deny coverage for a privacy class action under a cyber insurance policy. Why is this significant? As the...more
Recent developments in two closely watched cases suggest that companies that experience data breaches may not be able to get insurance coverage under standard commercial general liability (CGL) policies. CGLs typically...more
On May 11, 2015, in a case that is being widely celebrated as one of the first coverage rulings involving a “cyber” insurance policy, a federal court ruled that Travelers has no duty to defend its insured in Travelers...more
Recent Lawsuit Underscores Critical Lessons for Purchasers of Cyber Insurance -
Why it matters: Columbia Casualty Company v. Cottage Health Systems was filed on May 7, 2015, in the Central District of California. Cottage...more
Columbia Casualty Company v. Cottage Health Systems, No. 2:15-cv-03432, was filed on May 7, 2015 in the Central District of California. Cottage Health is one of the first cases nationwide—if not the first case—in which the...more
Key takeaway: The insurance applications and underwriting questionnaires prepared in connection with cyber insurance do matter.
Cyber security, and cyber insurance, have dominated the industry headlines for several...more
With all of the data breach issues in the news, we thought that this decision might be of interest to you. The Connecticut Supreme Court today affirmed a lower court ruling denying coverage to IBM for more than $6 million in...more
New risks present themselves before insurance policies exist to cover them. When a risk materializes, insureds want their insurers to cover them under familiar existing insurance policies, while insurers resist on the ground...more
In Travelers Property Casualty Co. of America v. Federal Recovery Servs., Inc., Case No. 2:14-CV-170 TS (D. Utah May 11, 2015), the United States District Court for the District of Utah held that where a cyber liability...more
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