Hunton Andrews Kurth LLP insurance partner, Andrea DeField, was recently interviewed by Courtney DuChene for Risk & Insurance magazine for their article, Cyber Captives 101: Is Self-Insuring the Right Risk Mitigation Choice for Your Business? As we’ve discussed previously on the blog, the cyber insurance market has become increasingly difficult, see here, here
We are proud to share that Hunton Andrews Kurth insurance coverage Partner Andrea (“Andi”) DeField and Counsel Cary D. Steklof were recently recognized as 2021 Legal Elite Up & Comers in Florida Trend magazine. Florida Trend invited all in-state members of the Florida Bar to name attorneys whom they highly regard or would recommend to others. Only the top 111 attorneys were recognized for their leadership in the legal field and in the community. Andi and Cary are both well deserving of this honor and the award reflects their dedication to providing excellent legal services.
Continue Reading Hunton Andrews Kurth’s Insurance Recovery Practice, Andrea DeField and Cary D. Steklof, Recognized as Legal Elite
Recap of Hunton Insurance Recovery Group presentations in August and September 2019 focusing on key risk management techniques and strategies for maximizing recoveries under corporate insurance policies and enforcing indemnity rights under technology, sales, services, outsourcing, and other commercial contracts:
- John Eichman and Sergio F. Oehninger presented a seminar on Electronic Crime – Insurance Coverage
Energy industry: is your insurance sufficient to handle a major cyber event? Larry Bracken, Mike Levine, and I address this question and more in our recent article for Electric Light & Power, found here. In the article, we identify three major gaps in cyber insurance that we routinely see when analyzing coverage for energy industry clients. The first major gap is coverage for bodily injury or property damage caused by a cyber event. Most cyber insurance policies exclude coverage for both bodily injury and property damage, even if caused by a cyber event. Meanwhile, many commercial general liability insurance policies now exclude cyber-related risks, thus creating a gap in coverage for these losses. The second gap we identify is coverage for fines and penalties, including those issued under the European Union’s General Data Protection Regulation (GDPR). Even where cyber insurance policies expressly purport to cover fines and penalties, it is unclear if these may be deemed uninsurable as a matter of public policy in certain jurisdictions. Finally, we identify a gap in coverage for business income losses when the insured’s network, or that of a vendor on which they rely, goes down. That coverage is a key component of a robust cyber program, but one that is typically only offered for an additional premium.
Continue Reading Hunton Insurance Lawyers Discuss Cyber Risks to the Energy Grid in Electric Light & Power
As the 2019 hurricane season peaks, the Bahamas and the Southeast United States have already endured a catastrophic storm. Hurricane Dorian not only tragically caused loss of life and substantial property damage, but it also led to the cancellation or postponement of major events, resulting in considerable economic losses for affected companies.
Continue Reading Dorian’s Wrath: How Event Cancellation Insurance Helps Businesses Recoup Losses from Severe Weather
In a significant win for policyholders, the Ninth Circuit rejected an insurer’s argument that the common meaning of “war” applied when interpreting a war exclusion, instead of the customary usage of the term, pursuant to Cal. Civ. Code 1644, and revived NBC Universal’s attempt to recover at least $6.9 million in costs incurred to relocate the production of a television show from Jerusalem during the 2014 Israeli-Palestinian conflict. Universal Cable Prods., et al., LLC v. Atl. Specialty Ins. Co., 2019 WL 3049034, at *10 (9th Cir. July 12, 2019).
Continue Reading It’s Not Rocket Science: Ninth Circuit Rejects Insurer’s Attempt to Invoke War Exclusion for Hamas Rocket Attack
In the first part of a 3-part series, the Hunton insurance team discusses how policyholders can plan for this year’s hurricane season. Part 2 will address how to prepare a claim after a loss in order to maximize the potential recovery, including by taking photographs of any damage and tracking curfews that affect your operations. Part 3 will discuss how to prevent denials of pending claims based on suit limitations periods. The team’s goal is to provide a comprehensive outline that will guide policyholders before and after a loss.
Continue Reading Hunton Insurance Team Helps Policyholders Prepare for the 2019 Hurricane Season, Part 1 of 3
A coverage dispute arising as a result of property damage from Hurricane Frances, which occurred in 2004, will continue following a Florida appellate court decision in an action brought against Citizens Property Insurance Corp.
Continue Reading Florida’s Citizens Property Insurance May Be Immune From Bad Faith, But Is Not Immune From Consequential Damages
Hunton Andrews Kurth insurance recovery partner, Lorie Masters, received a top “Band 1” ranking by Chambers and Partners in the Insurance: Policyholder category for the District of Columbia, and a “Band 2” ranking in the Insurance: Dispute Resolution: Policyholder – USA – Nationwide category.
Continue Reading Hunton Insurance Recovery Lawyers Ranked by Chambers as Top Insurance Practitioners
Hunton Andrews Kurth insurance recovery associate, Andrea (Andi) DeField, was recently named among the 40 outstanding lawyers under the age of 40 in South Florida. Andi has wasted no time using her status to help raise awareness and money for cystic fibrosis research.
On September 27, Andi attended the Cystic Fibrosis Foundation 40 Under…