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Category Archives: Coverage

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Who Covers the CIO In a Privacy Lawsuit?

Posted in CIO, Coverage, D&O, OPM

The CIO for the Office of Personnel Management is one of 4 defendants recently sued by the federal workers’ union for failing to correct known deficiencies in the system.   The CIO is a frequent casualty of cyber breaches: Target, AOL, the Utah Department of Health, Ohio University.  It is no surprise then that a CIO’s  average tenure is about 5 years, much shorter than other… Continue Reading

Liberty Mutual Sues Schnuck Markets: Asserts No Coverage for Data Breach under CGL Policy

Posted in Coverage, Declaratory Judgment Litigation, Insurance

Liberty Mutual has sued Schnuck Markets, denying indemnification obligations under a CGL policy for Schnuck’s data breach involving 2.4 million credit and debit cards. In April 2013 Schnuck reported a data breach involving approximately 2.4 million credit and debit cards used at 79 grocery stores that occurred between December 2012 and March 29, 2013.   Since then, 8 lawsuits (including class… Continue Reading

Cyber Risk and Professional Firms

Posted in Business Practices, Coverage, Cyber Breach, Cyber Costs, Damages, Data Breach, Insurance

Earlier today Kari Timm moderated a panel on cyber risk and insurance for law firms and other professional firms during the 2013 PLUS Professional Risk Symposium.  To see a short video discussion on cyber risks for professional services firms from the 2013 PLUS Professional Risk Symposium please visit the PLUS Blog (

Privacy Breaches & Insurance: A Year in Review and What Lies Ahead in 2013

Posted in Coverage, Cyber Breach, Insurance

 CYBER AND PRIVACY BREACHES: A YEAR IN REVIEW AND WHAT LIES AHEAD FOR 2013 Join us on December 4, 2012 from 10:00 – 11:00 C.S.T. for “Cyber and Privacy Breaches: A Year in Review and What Lies Ahead for 2013, ” the final 2012 session of our Webinar Series on Cyber and Privacy Breaches and their Insurance… Continue Reading

Behind the Curtain: Just whose risks are being insured?

Posted in Business Practices, Coverage, Cyber Breach, Data Breach, Insurance, Reinsurance

In today’s challenging economy, it is hard to turn away new business, whether from a client who provides a law firm with steady work, or a broker who contracts for investment services or a health care organization that contracts with a nursing registry.  But what happens when the new client demands that as part of… Continue Reading

Disclosure of Cyber Risks & Insurance Required by SEC

Posted in Business Practices, Corporate Governance/Reporting, Coverage, Cyber Breach, Insurance, SEC

Over the past few years, cyber risks slowly have become more of an issue for C-suite executives and corporate boards.  However, new guidelines issued by the SEC requiring that companies disclose such risks and relevant insurance coverage will likely push cyber security and insurance onto the C-suite agenda quicker than ever. Acknowledging that cyber attacks are becoming… Continue Reading

Reminder: Webinar Series on Cyber & Privacy Breaches & Their Insurance Impacts Starts October 4

Posted in Breach Notification Laws, Coverage, Insurance, Privacy, Privacy Legislation

Our webinar series on cyber and privacy breaches and their insurance impacts begins on October 4, 2011 at 10:00 C.S.T. with the introductory presentation Cyber Data: If You Use It, Don’t Lose It: An Introduction to Cyber and Privacy Breaches and Their Insurance Impact. You can still register here for this complimentary webinar. See you… Continue Reading

Hartford Denies Coverage for Song-Beverly Claims

Posted in Class Action, Coverage, Credit Card Transaction, Insurance, Privacy Legislation, Retail

The Hartford Fire Insurance Company has filed at least two suits against insureds seeking a declaration that CGL policies it issued do not provide coverage for Song-Beverly claims filed in the wake of the Pineda decision. Hartford filed suits in Illinois federal court against Euromarket Designs, Inc. (a/k/a Crate & Barrel) and in New Jersey federal… Continue Reading

Zurich Denies Coverage for Sony PSN Hacking Claims & Files Suit

Posted in Class Action, Coverage, Cyber Breach, Insurance

The hits just keep coming for Sony.  In addition to defending 58+ class action lawsuits in the U.S. and Canada, and responding to numerous governmental inquiries into the hacking of its PlayStaion Network and Sony Online Entertainment earlier this year, Zurich has filed suit against Sony seeking a declaration that various Zurich policies do not provide coverage for the… Continue Reading

“Electronic Aggression” Excluded from Umbrella Coverage

Posted in Coverage, Insurance

The American Association of Insurance Services (AAIS) is excluding coverage for “electronic aggression” under its Personal Umbrella Policy program.  The revised form is expected to be effective in most states by October 1, 2011.  The AAIS is a national advisory organization that develops policy forms and rating information used by about 700 PC insurers throughout the U.S. “Electronic aggression,” … Continue Reading