In a recent article appearing in Florida’s Daily Business Review (available here), Hunton Insurance Recovery Practice team head, Walter Andrews, explains why phishing and whaling scams should be covered by insurance. In the article, Andrews notes that recent appellate decisions support policyholders’ reasonable expectations of coverage and reject insurers’ contentions that social engineering losses do not result directly from the use of computers. Andrews goes on to explain that should a company find itself a victim of a phishing or whaling attack, it should carefully assess its insurance coverage to determine whether it applies to the loss, including under both traditional insurance policies and specialized cyber insurance products, and not be dissuaded by their insurers’ initial denial of coverage.
In an article published September 12, 2017 in South Florida’s Daily Business Review, Hunton & Williams insurance lawyers Walter Andrews and Andrea DeField explained why it is critical that policyholders act fast to maximize insurance recovery for their hurricane-related losses. They also provided a checklist to guide policyholders through the claim process. As Andrews and DeField explain, in addition to providing prompt notice to all potential insurers, policyholders should collect all loss-related receipts and document the damage with photographs. Good organization of post-loss expenses will help expedite any claim for Extra Expense loss, while photographs will help to avoid disputes over the extent of any physical damage after that damage has been disturbed or repaired.
For more information, please visit our Hurricane Insurance Recovery and Advisory center.