Businesses face evolving risks with regard to cyber security and data. Media coverage about high profile security breaches has heightened the awareness for all business to seek some type of protection generally described as cyber policies. A few years ago, the coverage was seen as a niche, luxury add-on, but the market has matured to bring down the cost and standardize coverage. Are these trends good or bad for businesses and insurance providers? Do the customary policies suit the customers’ needs and cover the risks prevalent today? What do businesses need to know when negotiating for these policies about their own risks and the policies themselves?

The Knowledge Group has assembled a panel of key thought leaders in cyber security risks and mitigation to help company executives answer these questions and understand all the important issues with respect to this vital topic. This live webcast is a must attend for all executives who need to be in the know with respect to cyber insurance policies.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Advance Preparation: Print and review course materials
Course Code: 124337
Recording Fee: $299 (Please click here for details)

 

Agenda  (click here to view more) Robert D. Laurie, Partner, Seiger Gfeller Laurie LLP • Statutory obligations regarding exposure to cyber risks and/or following a data loss or cyber attack? A general overview and whether insurance coverage may be available for compliance costs • Further managing your risk – controlling access to data and ensuring that vendors and other third parties have sufficient insurance • Excess contractual technology coverage – coverage where third parties control or have access to data • Underwriting considerations in issuing cyber liability policies - - what do you need to know when filling out a policy. • Trends in the law regarding coverage under “traditional” insurance policies. Travis Crabtree, Member, Looper Reed & McGraw, P.C. • Beyond privacy and data breaches, other “cyber” risks to consider? • Doing business in the cloud and who is responsible? • What is WISP and should you have one? http://www.emedialaw.com/part-2-do-i-need-a-wisp-and-what-is-a-wisp-deadline-approaching-for-yours/ • Increased enforcement from the FTC – the recent Section 5 case against Wyndham • Cyberrisks for the “old economy” addressing issues for those who don’t consider themselves tech or B2C companies Rebecca Woods, Partner, Seyfarth Shaw LLP Coverage for social media claims, including (1) claims flowing from negative information, reviews or ratings posted on social media sites like Yelp, Kudzu, or wiki-type sites; (2) claims arising from employers’ and schools’ demands for access to social media accounts; and (3) Claims by content aggregators or hosts in connection with requests to obtain information about posts and posters. The discussion will talk about the claims, the potential coverage, and recent cases and trends on these issues. Jeanne Oronzio Wermuth CPCU, CIC, ARM, Senior Technical Specialist, The Graham Company • Traditional insurance policies and how they may or may not provide coverage for "cyber" risks. • Cyber Policies - What do they cover? No two are created equal. (Maybe start with the exposures - either me or someone else) • From a Privacy perspective - how does information get breached? It's not just hackers, it's the paper left out, lost laptops, employee error. • Social Media exposures from an operating and employment perspective - finding coverage • Coverage for liability for your data stored by a third party, like a cloud provider, or third party data entrusted to another vendor or service provider. • The various industries that we see with this exposure (basically everyone - but there are certain that we can talk to with more of a tangible exposure - like retail/restaurants, healthcare institutions, financial institutions, law firms, education) • Costs associated with data breaches, some liability verdicts (this might be best done by one of the attorneys) • Laws governing privacy issues (this might be best done by one of the attorneys) John Coletti , Vice President, XL Group • Aggregation – Why insurers are concerned about the migration of business into the cloud and 3rd party outsourced providers. • The ever broadening and expansion of cyber coverage terms • Are companies heeding the SEC’s guidance and disclosing data breaches in public filings? • Business Interruption, Extortion, Data Asset, Restoration, Data Breach Notification, Regulatory Defense, Fines, Penalties, Third Party Liability…. What coverage is it that customers really want? • Can cyber insurance be accurately priced and underwritten? John Merchant, Director of Network Security, Data Privacy and Technology E&O , Freedom Specialty Insurance Company • Subrogation - why are many insurers waiving subrogation and essentially agreeing to provide coverage for third party vendors which they have no information on? • Beyond privacy and security liability. What are the "real" risks of technology dependence? i.e., Knight Capital's first party trading glitch loss. • Statistics on the cost of a data breach ($219 per lost record, for example). Can these be relied on? Will we ever know the true cost? • IP theft. Will companies ever own up to losing it? Neil Robinson, Research Leader, RAND Europe • Summary of academic literature as to the cyber-insurance market • Examples of market offerings in UK / Europe • Barriers to the growth of the cyber-insurance market • Possible ways forward for European policy

Who Should Attend?

- Insurance Attorneys
- Risk Managers
- Agents
- Brokers
- Underwriters

Why Attend?

This is a must attend event to learn what are the knowledgeable negotiations for cyber insurance policy.

- Detailed guidance explained by the most qualified key leaders & experts.
- Hear directly from key regulators & thought leaders.
- Interact directly with panel during Q&A

Register now and get the chance to ask questions and interact with the speakers, live. Advanced registration is recommended as space is limited. Please click the registration button below to enroll in this course today.

(Click here for information on group registrations and discounts)

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.
The Knowledge Group, LLC is producing this event for information purposes only. We do not intend to provide or offer business advice. The contents of this event are based upon the opinions of our speakers. The Knowledge Congress does not warrant their accuracy and completeness. The statements made by them are based on their independent opinions and does not necessarily reflect that of The Knowledge Congress' views. In no event shall The Knowledge Congress be liable to any person or business entity for any special, direct, indirect, punitive, incidental or consequential damages as a result of any information gathered from this webcast.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cyber Insurance: What You Need to Know in 2012
LIVE Webcast
Event Sponsors :

Seiger Gfeller Laurie (“SGL”) is a boutique law firm comprised of litigators from some of the largest law firms in the United States. SGL provides litigation and counseling to clients in a broad array of markets, including financial services, sports and recreation and manufacturing, including medical devices. Among other clients, SGL is national counsel to a number of insurance companies, including life, health and property and casualty. SGL attorneys have significant experience in coverage and claims litigation and advice, ranging from coverage determinations, claims handling and defense of claims (including trial and appeals) to coverage and bad faith litigation. SGL attorneys have represented insurance companies in some of the highest-profile insurance coverage disputes, including disputes arising from the September 11th attacks on the World Trade Center and the Central Artery / Tunnel Project (“Big Dig”) in Boston, Massachusetts. SGL has commenced and defended declaratory judgment actions (and arbitrations) in numerous jurisdictions across the U.S. and in a wide scope of product lines. SGL attorneys also regularly assist domestic and international insurance companies with regulatory compliance, product development, risk management and policy construction.

Founded in 1985, Looper Reed & McGraw is a full-service, Texas based law firm with more than 100 lawyers practicing in Houston, Dallas and Tyler. Looper Reed & McGraw offers a wide range of legal services including business litigation, corporate transactions, oil & gas, tax planning and litigation, real estate, healthcare, trusts and estates, employment law, family law, internet law and bankruptcy. For more information, visit www.lrmlaw.com.

Seyfarth Shaw LLP was founded in 1945 and has more than 800 lawyers across eleven offices. We have offices in Washington, D.C., Atlanta, Boston, Chicago, Houston, Los Angeles, New York, Sacramento, San Francisco, and London. We handle issues for our clients in all key areas including investments, real estate, labor and employment, construction, corporate and finance, employee benefits, environmental, government contracts, intellectual property, commercial litigation, securities litigation, trade secrets, trusts and estates, and workouts and bankruptcy.

Seyfarth has been recognized among in-house counsel as ‘Best of the Best’ for client service among the 2012 BTI Consulting Group’s Client Service A-Team and being named among the Top 10 in the Financial Times U.S. Innovative Lawyers Report in 2011.

The Graham Company is an insurance brokerage and consulting firm committed to enhancing employee safety and business viability through an action oriented approach to risk management. In business for over 50 years, The Graham Company focuses on customizing property and casualty, surety, and employee benefits programs for its clients. With its uniquely proactive approach to managing risk, The Graham Company is redefining what it means to be a broker because it believes Actions Matter. To learn more about The Graham Company, visit grahamco.com.

XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL Group plc’s insurance companies offer property, casualty, professional and specialty insurance products globally. XL Group is the global brand used by XL Group plc’s insurance subsidiaries. XL is the company clients look to for answers to their most complex risks and to help move their world forward. To learn more, visit xlgroup.com

Freedom Specialty Insurance Company® represents a wealth of experience in Specialty Liability insurance, and provides solution expertise, dynamic innovation, and decisive responsiveness to the needs of their clients. They have a broad risk appetite for both standard and nonstandard risks including commercial D&O/E&O, financial institutions coverage, network security and privacy liability, and surety. Backed by Nationwide’s A+XV rating, the company’s financial strength and stability allows them to serve as a vanguard in Specialty Liability lines. Visit www.freedomspecialtyins.com to learn more about Freedom Specialty.

Speaker Firms :

RAND Europe

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The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. "We bring together the world's leading authorities and industry participants through informative two-hour webinars to study the impact of changing regulations."

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