Hunton and Williams LLP has published its 2016 Retail Industry Year in Review. The Review discusses the key legal and regulatory developments that affected the retail industry last year. In the Review, Hunton insurance coverage attorneys Syed Ahmad, Mike Levine and Jenn White discuss the lessons learned from insurance coverage cases that promise to
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Hunton & Williams LLP Attorney Michael Levine Comments On Recent Cyber Coverage Decision And Why Cyber Insurance Reviews Are Needed To Identify Gaps In Coverage
On October 27, 2016, my colleague, Michael S. Levine, was quoted in Business Insurance concerning the recent decision in Camp’s Grocery Inc. v. State Farm Fire & Casualty Co., which he and I discussed on October 26, 2016 on the Hunton & Williams LLP Insurance Recovery Blog. In Camp’s, the court refused…
Gaps in Grocer’s Insurance Program Jeopardize Coverage for Cyber Breach
As reported in the Hunton Retail Law Resource blog, a federal judge in Alabama ruled Tuesday that a grocer could not rely on its legacy business insurance policies – including an “electronic data” coverage extension – to protect against third-party claims after customer data was compromised by a point-of-sale cyberattack. The decision in Camp’s Grocery, Inc. v. State Farm Fire and Casualty Company is yet another reminder to policyholders to ensure that their cyber security programs include both adequate cyber security safeguards and appropriate first-party and third-party cyber/crime insurance coverages. Failure to maintain either may jeopardize coverage for resulting cyber losses.
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