By: Richard J. Bortnick
Published June 18, 2014 - 9:30am CST
With the wealth of customer data that they manage, law firms are at risk for data breaches. Richard J. Bortnick, senior counsel at law firm Traub, Lieberman, Straus & Shrewsberry L.L.P., discusses the importance of mitigating data breach risks and the role cyber insurance plays for the legal profession.
By: Joe Caufield
Published June 08, 2014 - 6:00am CST
As the U.S. economy begins to bounce back, and communities across the country start to consider new emerging issues, local governments must shift their focus to include key risks that potentially bring new liabilities and exposures. Joe Caufield, chief underwriting officer with OneBeacon Government Risks, discusses these new public-entity risks.
By: Michael Bruemmer
Published May 12, 2014 - 8:54am CST
Cloud-based data storage and an international economy have combined to make global data breaches a genuine risk. In the U.S., companies face numerous separate state laws regarding how to address a breach, and the international arena becomes even more treacherous. Even multinational companies that have a plan for U.S. breaches often lack an international response plan. Having a reliable response...
By: Lon Berk
Published April 27, 2014 - 6:00am CST
On the market since the late 1990s, cyber insurance is nothing new. But as the Internet spreads deeper into people's lives, cyber risks continue to grow and evolve well past simple data loss or compromise. Insurance buyers should try to find an insurance form to address their specific cyber needs, including the potential of business interruption, loss of reputation, and even bodily injury and...
By: Matthew J. Howard
Published April 13, 2014 - 6:00am CST
Although policyholders can buy terrorism insurance backed by TRIA, the coverage does not include nuclear, biological, chemical or radiological attacks. To broaden the coverage, policyholders can use their captive insurers to take on the risks; however, careful attention needs to be paid to premiums charged and how the IRS will treat the coverage for tax purposes, says attorney Matthew J. Howard, ...
By: Amy Bergner and Michael Thompson
Published March 30, 2014 - 6:00am CST
Employers should re-evaluate their role in providing health care coverage and better define the value in their benefits strategy, say Amy Bergner and Michael Thompson of PricewaterhouseCoopers L.L.P.
By: James Waller
Published March 02, 2014 - 6:00am CST
With the scientific consensus agreeing that global warming is happening, policyholders, insurers and reinsurers must assess the risks, the most pervasive of which is coastal flooding, and confront the challenges of climate change, says James Waller, research meteorologist at reinsurance brokerage Guy Carpenter & Co. L.L.C.
By: Linda D. Kornfeld
Published February 16, 2014 - 6:00am CST
Evolving consumer protection privacy laws are changing corporate exposures. Therefore, when buying or renewing privacy and data breach policies, companies should carefully review and seek modifications to policy language to ensure their policies are flexible enough to continue providing coverage if the laws and their exposures change during the policy term, says attorney Linda D. Kornfeld, a...
By: Dennis T. Smith
Published January 22, 2014 - 5:44pm CST
Sometimes in an insurance coverage dispute, a policyholder needs to rely on dictionary definitions for terms that are not defined in the policy. Dennis T. Smith, a member of the law firm Pashman Stein P.C., explains how this is done.
By: Roderick Hudson
Published December 29, 2013 - 6:00am CST
Insurers have seen an increase in catastrophe losses over the past several years, despite a relatively benign 2013. Underwriters and their policyholders need to take a proactive approach to managing catastrophe risks as they address the increased exposures, says Roderick Hudson, a regional underwriting manager at Markel Corp.
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