News & Analysis as of September 20, 2024

Cybersecurity › Liability Insurance

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

2024 Guide to Cyber Liability Insurance

Woodruff Sawyer on 7/10/2024

Twenty-one percent (21%) of S&P 500 companies experienced breaches in 2023, according to a report by SecurityScorecard. IBM states the average cost of a data breach globally last year was $4.45 million—a 15% increase over the...more

Navigating the New Frontier: Insurance for Artificial Intelligence Risks

K&L Gates LLP on 3/5/2024

On 27 December 2023, The New York Times filed a lawsuit against OpenAI and Microsoft alleging copyright infringement in connection with OpenAI’s popular ChatGPT technology. This lawsuit is part of the first wave of...more

What is a Data Breach? (And How Vulnerable is Your Business?)

Woodruff Sawyer on 3/20/2023

The landscape for preventing, responding to, and avoiding the fines and other costs associated with data breaches has changed in the last three years. Since the beginning of the pandemic, data breaches have been on the rise...more

How a Cyber Attack Triggers Multiple Parts of a Cyber Security Insurance

Woodruff Sawyer on 10/3/2022

Cyber liability insurance coverage is not a one-size-fits-all blanket policy that can be applied to all types of businesses. Every organization has choices as to what types of cyber liability coverage it needs to protect...more

2022 Cybersecurity Issues and Recommendations for ERISA Plan Fiduciaries

Perkins Coie on 2/2/2022

New cybersecurity developments and observations, including those relating to U.S. Department of Labor's (DOL) review of cybersecurity issues, warrant prompt consideration by plan sponsors and other fiduciaries of employee...more

The COVID-19 Pandemic Has Increased Both Risk and Costs Associated with Cyber Coverage

Bressler, Amery & Ross, P.C. on 10/26/2021

Introduction - The pandemic-induced work from home culture has opened the door to increased cybersecurity breaches. Although most businesses, especially those operating in regulated industries, have a prevention and response...more

Decoded: Technology Law Insights, Volume 2, Issue 20

Spilman Thomas & Battle, PLLC on 10/13/2021

The Story of Henrietta Lacks and the Biotechnology Company Accused of Selling Her Cells for Profit - These two articles (Newsweek and Fierce Biotech) describe the new lawsuit by the Henrietta Lacks Estate surrounding the...more

Business Litigation E-Note - October 2020

Burr & Forman on 10/27/2020

Spotlight - U.S. Supreme Court Rules in Favor of Burr's Petition for the South Carolina Election Commission: South Carolina's Witness Requirement on Absentee Ballots is Here to Stay - On October 5th, the Supreme Court...more

Using M&A Insurance on Tech Deals (Issue 1)

Orrick, Herrington & Sutcliffe LLP on 9/24/2020

Since March 2020, over 80% of the deals McGill and Partners have advised on have been in the technology sector. Whether it is software as a service, enterprise risk management, fintech, or technology infrastructure, what is...more

Client Alert: High Profile Phishing Incident Demonstrates Continued Need for Social Engineering Insurance

Neal, Gerber & Eisenberg LLP on 3/11/2020

Media outlets recently reported that Barbara Corcoran, one of the judges on the popular ABC show "Shark Tank," was the victim of a "spear phishing" scam....more

Artificial Intelligence v. General Data Protection Regulation: Complex Risks in Changing Times

Robins Kaplan LLP on 12/5/2019

Artificial Intelligence (“AI”) Is A Complicated Technology Developed With Data. This Saddles AI It With A Host Of Potential Privacy Regulations, Including Europe’s Data Protection Law, The General Data Protection Regulation...more

Issues to Consider when Evaluating Cyber Coverage in Light of the CCPA and Other State Privacy Laws

Akin Gump Strauss Hauer & Feld LLP on 11/4/2019

With the expansion of privacy legislation—from the General Data Protection Regulation (GDPR) in Europe to the coming California Consumer Privacy Act (CCPA) in the United States—cyber liability insurance is taking on increased...more

Cyber Liability Insurance For Small To Medium Size Businesses – Are You Covered?

Woods Rogers on 10/30/2019

Today, it seems hardly a month passes without a report of another business falling victim to a data breach. Over the past few years, some of the largest and well-known companies such as Equifax, Target, Home Depot, TJ Maxx,...more

9 Important Questions To Ask Before Joining A Nonprofit Board

Partridge Snow & Hahn LLP on 8/12/2019

You are ready to join a nonprofit board so you can help support the good work that it does. Do you know the risks associated with serving in this important role? ...more

Even Insurance Will Be Disrupted by Autonomous Vehicles

Foley & Lardner LLP on 2/14/2019

There are long lists of industries that will be disrupted by Autonomous Vehicles. Not surprisingly, Insurance is expected to be one of them. Some see tremendous opportunities arising from the increase in Autonomous Vehicles....more

The Tricky World of Cyberliability Insurance

Robinson+Cole Data Privacy + Security Insider on 1/7/2019

2018 was the year of hearing from clients that they are convinced that they “have cyberliability insurance” to finding out that they really don’t have the coverage that they need for the most common cyber risks....more

Don’t Expect Commercial General Liability Insurance Policies to Protect Against Cyber Breach or Crime

Lowndes on 10/11/2018

Almost a year after Middle District Judge Mary Scriven’s instructive decision in Innovak Int’l, Inc. v. Hanover Ins. Co. in which she declined to hold that a traditional commercial general liability (CGL) policy, as drafted,...more

Will Insurance Provide Coverage for GDPR Fines?

Robinson+Cole Data Privacy + Security Insider on 10/1/2018

As many of our readers know, the General Data Protection Regulation (GDPR) imposes significant obligations and responsibilities on entities with regard to data protection and privacy for all individuals within the European...more

OnRisk: Biometric Insurance

K&L Gates LLP on 6/11/2018

Issues of digital privacy are multi-faceted and extend far beyond the now-routine data breaches that make headlines. The digital collection, use, and storage of biometric information (fingerprints, retinal or iris scans,...more

House Committee Considers Impact of Autonomous Vehicles on Insurance Models

Akin Gump Strauss Hauer & Feld LLP on 5/31/2018

• Limited access to autonomous vehicle operations data remains a key barrier to insurance companies’ development of adaptive insurance policies. • Representatives from the insurance industry support federal regulation of...more

Coverage for Fully Autonomous Vehicles under the Business Auto Coverage Form

Bradley Arant Boult Cummings LLP on 4/5/2018

With the potential addition of autonomous cars and trucks to commercial fleets, commercial insureds should reassess coverage under their commercial auto, products liability, and cyber insurance policies. Automation,...more

Artificial Intelligence: A Grayish Area for Insurance Coverage

Pillsbury - Policyholder Pulse blog on 4/3/2018

Artificial Intelligence (AI) is a hot topic in industries from manufacturing to the medical profession. Developments in the last ten years have delivered AI technology, once a fiction reserved for the movies, to private...more

Registered Firms: Annual Compliance Obligations—What You Need To Know

Pillsbury Winthrop Shaw Pittman LLP on 3/13/2018

This alert contains a summary of the primary annual and periodic compliance-related obligations that may apply to investment advisers registered with the Securities and Exchange Commission (the “SEC”) or with a particular...more

Energy Newsletter - January 2017

King & Spalding on 1/20/2017

LNG in Europe 2016/2017: An Overview of LNG Import Terminals in Europe - The increase in the supply of LNG to Europe in 2015 and the first half of 2016 was led by the UK and Italy, with other significant increases in...more

What GCs Need to Know About EPLI

Zelle LLP on 11/17/2016

This is the fifth in our series of posts for general counsel and the HR professionals who support them. As we have noted previously, GCs are responsible for a lot but may not have time to become an expert on everything. These...more

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