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A brand new decision from a federal trial court in Utah is a sobering reminder that just because you have purchased "cyber" insurance does not mean that your insurance company will pay a cyber-related claim.
On May 11, a Utah federal court handed down one of the first coverage decisions in the country construing a so called "cyber" policy.
Dickstein Shapiro LLP
Bolstered by the strong United States dollar and cheap energy costs, the current wave of corporate takeovers and mergers shows no sign of abating.
In 2014, New York courts developed significant legal precedent
in a broad array of insurance coverage issues, including broker
liability, allocation, data breach, right to attorneys' fees,
discovery and bankruptcy.
Liability insurers often try to significantly limit the amount of fees they have to pay by contesting hourly rates and seeking to impose other billing restrictions.
Policyholders can include violations of economic sanctions among the laundry list of risks their companies face.
Providing insurers with timely notice of claims is probably the most basic of coverage issues.
Duane Morris LLP
Captive insurance companies have been used for risk management purposes since the 1960s, when industrial corporations found insurance for their risks either challenging to find in the marketplace, or expensive.