Corporate Insurance Blog

In her article, Cos. Eye Data Breach Policies As CGL Exclusions Multiply, author Bibeka Shrestha writes about insurance coverage for cyber risks, such as hacks and data breaches, and what insurance coverage might be available under commercial general liability (CGL) and other insurance policies, in addition to cyberinsurance policies.

The article opens:

More and more companies, including law firms, are seeking out cyber policies that specifically cover hack attacks, as insurers grow bolder about repudiating coverage for data breaches under commercial general liability policies.

Insurance brokers and underwriters have admitted to providing coverage for cyber losses under general liability policies in the past, according to Scott Godes, [former] co-leader of Dickstein Shapiro LLP’s cyber security insurance coverage initiative.

The article then explains, “But the insurance industry is starting to push back on covering data breaches under these broad policies . . . .”  Ms. Shrestha uses another two quotes from me.  They all are after the jump, and the full content is available if you or your firm subscribe to the Insurance Law360 site and its content.

Want to read the other opinions and thoughts offered on the subject?  Then click on over to Cos. Eye Data Breach Policies As CGL Exclusions Multiply to read the entire article.

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