However, the insurance can bring a false sense of security and lead to coverage gaps and expensive disputes with carriers, if corporate IT, ... “data-first” approach proves critical in visualizing and managing coverage requirements. This oversight may result in a coverage dispute to be decided by a court. While cyber insurance policies are popular, and can be an effective risk-mitigation tool, we have advised clients to be cautious, to evaluate policy language carefully, and to anticipate coverage disputes. The scope of construction defect insurance coverage is one of the most active areas of insurance litigation and varies from state to state and country to country. Insurance Disputes Over Cyber Claims Current and Future Flashpoints by Robert D. Chesler and Christina Yousef T he world of cyber-insurance remains in flux.More than 60 insurance companies are now offering cyber-insurance policies, with no standardization or uniformity. Some cyber insurance policies may purport to require a mediation before litigation can be commenced, 1 while others may have no dispute resolution clause at all. If the court determines that the carrier must provide coverage, the insurance carrier must pay for a cyber … Many insurance companies sell cyber coverage, but the policies are often written narrowly to cover costs related to the loss of customer data, such as … Cyber liability insurance covers financial losses that result from data breaches and other cyber events. Their argument cited ongoing litigation in Mondelez International, Inc. v. Zurich American Insurance Co., in which Mondelez is asking an Illinois state court to determine whether a claim for losses Mondelez suffered during the 2017 To what extent have coverage disputes clarified the parameters of coverage for cyber losses in cyber insurance policies and property/casualty insurance policies that are not cyber-specific? Policies vary widely because most insurers that offer cyber coverage use forms they've developed themselves. A pivotal period in establishing the scope of insurance coverage: ... the risk posed by cyber breaches increases, significantly emphasizing the need for effective coverage for cyber attacks. Still others may attempt to bind the policyholder to use mandatory arbitration in the event of a coverage dispute. Whether your dispute involves the existence of an "occurrence," additional insured status, builders risk coverage, or other common issues, we have likely seen it before. Cyber Insurance Coverage Disputes SHARE Cyber Insurance Coverage Disputes; Cyber Insurance Coverage Disputes Webinar | Oct. 19, 2016. Such an array of policies places a heavy burden on insurance The Travelers opinion illustrates that cyber insurance does not provide cure-all protection for data-related events and disputes. Many policies include both first … In this webinar we highlighted a variety of court cases where cyber insurance coverage – both standalone and embedded – has been challenged by insurance carriers. What role can and should government play in fostering more robust and actuarially-sound cyber-insurance markets? What Is Cyber Liability Insurance? Last month, Ariel Levite and Wyatt Hoffman called for urgent government action to support a robust cyber insurance market in a post on Lawfare.