Data breach claims are often referred to as the new EPL claims: high volume, high intensity, low impact on most insurers’ bottom line. But a more apt analogy is product recall litigation. Product recall and data breach claims have a lot in common: they involve a problem with a major “brand,” whether cars, food or confidential data; the problem is often discovered… Continue Reading
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Welcome to CyBIR - our Cyber and Privacy Breaches: Insurance and Reinsurance blog. Our CyBIR blog is intended to provide current and topical information as well as insightful commentary on the insurance and reinsurance implications of cyber risks and privacy breaches.