Distributed Ledger Technology, commonly referred to as “blockchain,” is a secure way for companies and individuals to share information without third-party oversight. Blockchain decentralizes electronic record-keeping so...more
Due to the dramatic increase and changing nature of cyber risks, mergers and acquisitions due diligence should expand to address cyber risks, available risk mitigation practices, and available insurance. Acquiring companies...more
1/29/2018
/ Business Interruption ,
Computer Fraud Insurance ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Due Diligence ,
Employee Training ,
Incident Response Plans ,
Information Technology ,
Insurance Industry ,
Malware ,
Policy Terms ,
Popular ,
Ransomware ,
Risk Management ,
Risk Mitigation
Even as Hurricane Harvey’s effects continue to unfold, Texas policyholders face another imminent threat. On September 1, 2017, a new Texas law becomes effective that dramatically limits insurance recoveries for Texan...more
8/30/2017
/ Corporate Counsel ,
Denial of Insurance Coverage ,
Hurricane Harvey ,
Hurricane Season ,
Insurance Claims ,
Insurance Industry ,
Natural Disasters ,
New Legislation ,
Popular ,
Property Damage ,
Property Insurance ,
Severe Weather
Insurers’ exploration of distributed ledger technology (DLT), commonly referred to as blockchain, continues to expand. Last month, AIG announced a partnership with IBM and Standard Chartered Bank P.L.C. to test a “smart...more
7/28/2017
/ Bitcoin ,
Blockchain ,
Commercial Insurance Policies ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Financial Institutions ,
Innovative Technology ,
Insurance Industry ,
Peer-to-Peer ,
Popular ,
Smart Contracts
If you weren’t already convinced, this Drive.ai video of a self-driving system demonstrating an extended drive, at night, in rainy conditions, without human intervention, shows how close we may be as a society in which human...more