cyber liability News

Senate Committee to Take Up Cyber Liability Bill Next Week

The U.S. Senate Intelligence Committee is expected to consider a bill next week aimed at encouraging companies to exchange information on hacking attempts and cybersecurity threats with the government, senators said this week as they released a draft of the …

Liberty Mutual Adds Data Compromise Coverage to Insurance Agent E&O Program

Liberty Mutual Insurance has added data compromise coverage to its insurance agents errors & omissions (E &O) program. The endorsement carries an annual aggregate limit of $100,000 for response expenses and an additional $100,000 annual aggregate limit for defense and …

NAS Insurance, Swett & Crawford Launch Cyber Liability Program for IIABCal Members

NAS Insurance Services and Swett & Crawford have created new cyber liability products for IIABCal members and their clients. Members can now log on to NAS Online to quote and issue cyber liability policies for their clients through the program …

Keegan Joins Beecher Carlson to Head Cyber Liability Practice

Former Willis executive Christopher Keegan is joining Atlanta-based insurance broker Beecher Carlson to head the firm’s cyber liability practice. As part of the executive liability practice, Keegan will be expanding the capabilities of Beecher Carlson in cyber liability and technology …

Virtual Privacy Expert Gives Insurers Privacy Tools for Clients

Data breach software firm ID Experts has partnered with risk management and claims consultant Enquiron to offer the Virtual Privacy Expert, an on-demand website service for insurance carriers looking to provide online privacy tools to their clients in conjunction with …

Allied World U.S. Launches Coverage for Liability, Expenses of Privacy Breach

Allied World U.S. has launched Privacy//403 SRVS, a Specified Response Vendor Solution (SRVS) policy to provide coverage for liability and expenses associated with the compromise of sensitive information and information systems, in the event of a data breach. The Privacy//403 …

Cyber Coverage Demand Increased in 2013, Trend to Continue in 2014: Marsh

Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research report. Marsh found that financial …

Venture Expands Cyber Liability Coverage to Hospitality Industries

Venture Insurance Programs has expanded and enhanced privacy and data breach protection for its PREFERRED CLUB program for golf and country clubs, and its Suitelife programs for hotels and resorts. The policy offers flexible, less expensive coverage for the costs …

N.Y. Court: Zurich Not Obligated to Defend Sony Units in Data Breach Litigation

A New York trial court recently ruled in a commercial general liability (CGL) policy coverage case that Zurich American Insurance Co. has no duty to defend Sony Corp. of America and Sony Computer Entertainment America in litigation stemming from the …

IronPro Launches Privacy, Security Endorsement for Lawyers PL Program

IronPro, the professional and management liability unit of Ironshore Inc., has introduced a network security and privacy breach endorsement that can be added to its lawyers professional liability (LPL) program.  This new endorsement provides reimbursement for expenses incurred as a …