Speaker 05.06.25
05.06
To Infinity and Beyond: Exploring Space Insurance and the Cosmos of Coverage
1:30PM - 2:00PM CDT
McCormick Place
2301 S Martin Luther King Dr
Chicago, IL 60616
Service
With the proliferation of regulations governing data security and privacy, and near-daily news reports of computer hacking and privacy breaches, companies that handle sensitive information have become increasingly focused on maximizing their insurance coverage for data security and privacy claims and investigations.
A large and quickly growing market has evolved for insurance that is specifically designed to cover these risks—marketed under names like “cyber insurance.” More conventional forms of insurance—including D&O, E&O, CGL, Crime and Property policies—can also provide valuable coverage for these losses.
Financial institutions, health care companies, retailers and wholesalers, professional service and data management firms, media and technology companies and others that handle legally protected information increasingly view these sources of coverage as a key asset and cornerstone of their risk management programs.
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But every insurer has its own unique cyber insurance policy forms, terms and exclusions. Privacy and data security breaches are also uniquely challenging to manage, and often give rise to large and hotly contested insurance claims.
Our Insurance Recovery & Advisory team has extensive experience in helping our clients structure and negotiate insurance programs to protect themselves from losses, liabilities, and the high cost of responding to data and security breaches, and to recover from their insurers on privacy and data security claims.
In addition, our attorneys frequently publish and speak on privacy and data security coverage issues in such fora as Financial Times, Risk Management magazine, Law360, Appleman’s Current Critical Issues on Insurance Law, and conferences of the Risk and Insurance Management Society (RIMS).
Most of our engagements in this area are confidential, but our experience includes:
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