Visualizzazione post con etichetta WordPress Insurance. Mostra tutti i post
Visualizzazione post con etichetta WordPress Insurance. Mostra tutti i post

mercoledì 29 ottobre 2014

Professional Liability Insurance – Reporting Claims

Reporting claims in a timely manner is critical for any professional liability insurance coverage – E&O, D&O, EPL and Cyber Risk. What constitutes a claim varies by policy and can, in some instances, be construed broadly. (See our Prior Posts: here, here, here, here, here) A recent article discusses claim reporting and failure to report. Entitled Malpractice: Failure to Report Client’s Claim at Professional Liability Matters, the article makes some excellent points on claim reporting, and then focuses on an attorney’s sometimes obligation to report a claim on behalf of a client. Key points: In the first line of the article: There is no upside in failing to report a claim Taking a wait and see approach to a claim…

Specialty Insurance Blog


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Insurance, claims, insurance, liability, professional, reporting

lunedì 20 ottobre 2014

No Occurrence Found for Damage to Home Caused by Settling

Insurance Law Hawaii


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Insurance, Caused, damage, Found, Home, occurrence, Settling

martedì 23 settembre 2014

Cyber Theft – Who Pays?

A victim of a Cyber Theft lost $ 327,000 and is proceeding with a lawsuit against their bank. See Krebs on Security (here) for information on the breach, the mechanics the thieves used and the legal arguments that might be used in the suit. Also see here and here for additional information. It will be interesting to see the outcome, but in prior actions victims have not been successful when the cyber thieves gained access to the bank accounts using the victims stolen login credentials. This situation may be complicated by the bank’s actions. Insurance can be an effective protection against Cyber theft, including both traditional crime policies (with the proper coverage extensions) and some Cyber Risk insurance policies. (See prior…

Specialty Insurance Blog


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Insurance, cyber, Pays, Theft