Last week Bloomberg Law launched an online “cyber insurance suite” authored by Hunton attorneys, Walter J. Andrews, Sergio F. Oehninger, and Patrick M. McDermott. The online suite, available here and to Bloomberg subscribers, covers all aspects of cyber insurance, including identifying the major cyber risks and liabilities, applying for and obtaining cyber insurance coverage, and submitting claims under cyber coverages. It also contains an overview of case law evaluating coverage for cyber liabilities under traditional insurance policies and under cyber specific insurance policies. Hunton will regularly update the suite as the risks, coverages, and law continues to develop.
Cyber and crime insurance policies have been heavily recommended to address the growing prevalence and types of cyber risks. Walter Andrews and Jennifer White recently authored an article appearing in Risk Management discussing how the purchase of cyber and crime insurance policies alone is not enough to successfully manage these risks. These policies must be carefully evaluated and tailored to the particulars of each organization. The full article is available here. In the article, Andrews and White identify four key questions that every organization must ask when purchasing cyber and crime insurance policies to ensure that their cyber coverage is sufficient to meet their organization’s needs.