Policy Terms, Insurance Claims, Cybersecurity

No Duty to Defend BIPA Lawsuit Given Absence of Data Breach or Security Failure

Wiley Rein LLP on 9/30/2024

The Appellate Court of Illinois, First District, applying Illinois law, has held that a cyber policy did not afford coverage for an underlying lawsuit alleging violations of the Biometric Information Privacy Act (BIPA)...more

Strategies to Avoid Cyber Insurance Claim Challenges: Part I

J.S. Held on 9/11/2024

Cyber risk is now a normal part of our personal and professional lives. When companies suffer a cyber incident, they often look to their insurance policy for coverage to help mitigate the financial exposure. Additional...more

CrowdStrike IT Outage: Wave of Business Interruption Claims Expected

K&L Gates LLP on 7/30/2024

Businesses, public services, and computer users across the world faced disruption as a result of the major CrowdStrike information technology (IT) outage, which is being coined by many as one of the largest and worst cyber...more

Federal Court Rules “Unauthorized Network Access Exclusion” Precludes Coverage for $1.3M Payment From Hacker’s Fraudulent Email

Carlton Fields on 7/18/2022

The U.S. District Court for the Eastern District of Pennsylvania ruled that an insurance policy issued by Federal Insurance Co. excluded coverage for the transmission of $1.3 million by the insured in response to an email...more

Four New Cyber War Exclusions from Lloyd’s Market Association

Bradley Arant Boult Cummings LLP on 1/10/2022

The Lloyd’s Market Association (the “LMA”) recently released four model clauses to exclude coverage for “war” from cyber insurance policies. The exclusions align with the requirement that all insurance policies written at...more

Ransomware Attack Results In Covered Physical Loss Or Damage

Robins Kaplan LLP on 4/21/2020

A Maryland Federal Court Examines A Coverage Dispute Regarding Whether An Insured Had Experienced A Covered Loss To Its Computer System Following A Ransomware Attack. ...more

Ransomware Attack Replacement Costs Are Covered “Direct Physical Loss or Damage” Under Standard Business Owner’s Policy, According...

Carlton Fields on 3/6/2020

A Maryland federal court recently weighed in on the still-murky world of insurance coverage for cybersecurity losses, finding replacement costs necessitated by a ransomware attack were “direct physical loss or damage” to a...more

Policy Terms › Insurance Claims › Cybersecurity

No Duty to Defend BIPA Lawsuit Given Absence of Data Breach or Security Failure

Strategies to Avoid Cyber Insurance Claim Challenges: Part I

CrowdStrike IT Outage: Wave of Business Interruption Claims Expected

Federal Court Rules “Unauthorized Network Access Exclusion” Precludes Coverage for $1.3M Payment From Hacker’s Fraudulent Email

Four New Cyber War Exclusions from Lloyd’s Market Association

Ransomware Attack Results In Covered Physical Loss Or Damage

Ransomware Attack Replacement Costs Are Covered “Direct Physical Loss or Damage” Under Standard Business Owner’s Policy, According...

Insurers Take Steps to Reduce Silent Cyber Exposure

Data Privacy + Cybersecurity Insider - August 2019 #4

Court Finds That Insurer’s Quote Implied Coverage for Computer Hacking Losses

The Robins Kaplan Insurance Insight - Vol. 1, No. 1

Policy Terms › Insurance Claims › Cybersecurity

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