Tag Archives: Insurance Provider

Hunton Discusses Critical Cyber Coverage Selection Issues

Recently, Syed Ahmad, a partner with Hunton & Williams LLP’s insurance practice, and Eileen Garczynski, partner at insurance brokerage Ames & Gough, co-authored an article, Protecting Company Assets with Cyber Liability Insurance, in Mealey’s Data Privacy Law Report. This blog post contains a link to the full article. … Continue Reading

FTC Issues Guide for Businesses on Handling Data Breaches

On October 25, 2016, the Federal Trade Commission released a guide for businesses on how to handle and respond to data breaches. The 16-page guide details steps businesses should take once they become aware of a potential breach. The guide also underscores the need for cyber-specific insurance to help offset potentially significant response costs.… Continue Reading

Court Rules Fraud Involving a Computer Is Not ‘Computer Fraud’ under Crime Protection Policy

On October 18, 2016, the United States Court of Appeals for the Fifth Circuit held in Apache Corp. v. Great American Ins. Co. that a crime protection insurance policy does not cover loss resulting from a fraudulent email directing funds to be sent electronically to the imposter’s bank account because the scheme did not constitute “computer fraud” under the policy. … Continue Reading

AIG Launches Cyber-BI and PD Policy

Insurance-giant American International Group announced that it will be the first insurer to offer standalone primary coverage for property damage, bodily injury, business interruption and product liability that results from cyber attacks and other cyber-related risks.… Continue Reading

Exploring Cyber Insurance: What Companies Need to Know Now

In a recent article published in the Daily Journal, Hunton and Williams' Insurance Coverage Counseling and Litigation attorney William T. Um offers a primer on cyber insurance, outlining key considerations for businesses as they explore this emerging area of coverage. This blog entry provides a link to download the full article.… Continue Reading

NIST Releases Final Cybersecurity Framework

On February 12, 2014, the National Institute of Standards and Technology issued the final Cybersecurity Framework, as required under Section 7 of the Obama Administration's February 2013 Executive Order, Improving Critical Infrastructure Cybersecurity. This blog entry highlights the final Framework and offers comparisons to the preliminary framework released in October of last year.… Continue Reading

Insurance Coverage for Security Breach Lawsuits

In a recent article published by the American Bar Association’s Insurance Coverage Litigation Committee, Hunton & Williams counsel William T. Um explores insurance recovery options related to the defense of class action lawsuits following data security breaches and other privacy incidents.… Continue Reading

ILITA Issues Restrictions on Financial Institutions

The Israeli Law, Information and Technology Authority has issued a new instruction restricting financial institutions from using information concerning writs of execution issued against a client to deny the client credit or to adjust the client's insurance premiums. … Continue Reading