Ransomware attacks continue to challenge U.S. companies, with cybercriminals now routinely extorting companies for multimillion-dollar payouts. A company that experiences an attack will likely seek coverage under its cyber...more
2/4/2022
/ Breach Notification Rule ,
Class Action ,
Cyber Attacks ,
Cyber Insurance ,
Cybersecurity ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Popular ,
Ransomware ,
Subrogation
Cyber Insurance: Policyholder Obligations After the Claim Is Paid -
Policyholders and, in turn, cyber insurers have been facing more frequent ransomware attacks. As a result, cyber insurers may try to recoup losses they...more
Ransomware attacks are on the rise. Lax security measures, which have become more acute in the work-from-home environment, continue to be exploited. Companies' systems are hacked into, their data is encrypted, and they face...more
11/16/2021
/ Cyber Attacks ,
Cyber Crimes ,
Cyber Insurance ,
Cybersecurity ,
Data Security ,
Encryption ,
Extortion ,
Insurance Claims ,
Popular ,
Ransomware ,
Securities and Exchange Commission (SEC)
While the 2021 hurricane season is not officially over yet, catastrophic weather events including Hurricanes Ida, Henri and Nicholas have already caused substantial damage, bringing record-breaking rainfall and flooding....more
11/3/2021
/ Business Interruption ,
First-Party Coverage ,
Hurricane Season ,
Insurance Claims ,
Insurance Industry ,
Mitigation ,
Natural Disasters ,
Property Damage ,
Property Insurance ,
Severe Weather ,
Supply Chain
Ransomware attacks are on the rise. Cyber criminals continue to exploit lax security measures, which have become more acute in the work-from-home environment, and hack into companies’ systems, encrypt their data, and then...more
10/19/2021
/ Business Interruption ,
Business Losses ,
Causation ,
Corporate Counsel ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Delays ,
Encryption ,
Hackers ,
Insurance Claims ,
Popular ,
Ransomware