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Insurance Sidebar :: Amy Stewart Law’s Blog on Insurance Coverage Issues
Category: Risk Transfer
 Excellent story in today’s Insurance Law360 (subscription required) about yesterday’s cybersecurity hearing at the U.S. House of Representatives' Homeland Security Committee. The hearing was a Cyber Insurance 101 for committee members, with cybersecurity and cyber insurance experts from various companies helping to get members up to speed on the growing risk of data breaches.
One of the main lessons from the hearing was that the mere presence of cyber insurance policies has strengthened data security because they promote “discussions about data security measures across a company's departments.”
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 Recently, Lloyd’s of London and the University of Cambridge co-authored a report forecasting that a major cyberattack on the East Coast of the U.S. could result in $70 billion in claims, stressing potentially gaping deficiencies in both traditional and cyber policies to respond to such an event. Read the rest of entry »
After cyber breaches have dominated the headlines for more than a year (e.g., Target, Sony), experts now say there are two types of businesses in today’s world – those who know they have been hacked, and those who have not yet discovered the breach.
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 Imagine a situation in which the employee of your company’s vendor is injured while performing work for your company under a service agreement. The employee, likely unable to sue his or her own employer due to the exclusive remedy provisions of an applicable state’s workers compensation act, sues your company. Read the rest of entry »
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Amy Stewart Law is a boutique law firm that represents policyholders exclusively in insurance coverage litigation and bad faith, with an emphasis in directors & officers liability, cyber insurance, fiduciary liability, professional liability and other specialty liability coverages.
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