Specialty Lines

Expert Analysis

• Boiler And Machinery Insurance Can Boost Cyber Coverage

  

  Companies affected by cybersecurity incidents may be covered by their boiler and machinery insurance, which shares many similarities with modern cyber insurance offerings and may apply despite exclusions specifying certain forms of cyber coverage, say attorneys at Cooley.

• 3 Cybersecurity Questions To Ask Before A Remote Mediation

  

  Lawyers preparing to mediate or arbitrate a case through videoconference should take steps to ensure they and their alternative dispute resolution providers are employing reasonable security precautions to protect digital client data and conform to confidentiality obligations, say F. Keith Brown and Michael Koss at ADR Systems.

• 4 Areas Of Cyberattack Vulnerability For Law Firms

  

  Recent data breaches involving Goodwin and Jones Day show that cyberattacks are very real threats to the legal profession, especially in the era of remote work, so law firms should revisit common business practices that expose them to unnecessary risks, says Ara Aslanian at Inverselogic.

• Ill. Biometric Claim Case Highlights Core Insurance Principles

  

  During oral argument in West Bend v. Krishna this month, the Illinois Supreme Court justices' questions on coverage for biometric privacy claims touched on three core principles of insurance policy interpretation and should result in an affirmance of the lower courts' decisions, says Emily Garrison at Honigman.

• Questions Following 2 Recent Cyber Insurance Developments

  

  A Minnesota federal court's recent decision in Target v. ACE and guidance from the New York State Department of Financial Services have furthered confusion surrounding how insurance policy language should be applied to the unique circumstances of cyber incidents, say Huiyi Chen and David Kroeger at Jenner & Block.

• When Mergers Create D&O Insurance Complications

  

  A Delaware state court's recent decision in Northrop Grumman v. Zurich illustrates some of the pitfalls and disputes that commonly arise when companies with competing directors and officers insurance policies merge, says Sam Ballingrud at Sherman & Howard.

• How Biden's Administration Will Affect The Insurance Industry

  

  President Joe Biden's administration has signaled interest in a range of key issues — consumer protections, regulation of the cannabis industry and health care reform — that will have outsize influence on the private insurance market, say Adrian Azer and Wes Dutton at Haynes and Boone.

• An OFAC Compliance Checklist For Ransomware Payments

  

  As the U.S. government heightens its scrutiny of ransomware payments, victims that pay extortion demands can follow 12 steps to help establish the requisite mitigation and due diligence to avoid penalties from the U.S. Department of the Treasury's Office of Foreign Assets Control, says cybersecurity consultant John Reed Stark.

• Cybersecurity Event-Driven Securities Litigation Has Arrived

  

  A recent shareholder lawsuit against First American Title Insurance Co. highlights that securities litigation prompted by regulatory actions may become increasingly prevalent in the cybersecurity context, say attorneys at Pasich.

• Limiting The Severity Of Deficient Securities Fraud Claims

  

  The U.S. Supreme Court's evidentiary requirements of price impact at the class certification stage — established in its Halliburton II decision in 2014 — provide an effective solution to disqualify securities fraud claims with price impact deficiencies, say Nessim Mezrahi and Stephen Sigrist at SAR.

• The Most-Read Securities Law360 Guests Of 2020

  

  The most-read securities articles written by Law360 guest experts in 2020 centered around market volatility triggered by COVID-19; remote testimony considerations as courtroom proceedings moved online; and risk and compliance issues related to the Coronavirus Aid, Relief and Economic Security Act.

• A Look At Contrasting Rules For Excess Insurance Policies

  

  Though the Delaware Superior Court held in Pfizer v. U.S. Specialty Insurance that claims settlements exceeding primary policy limits trigger excess insurance, policyholders should continue to pay close attention to exhaustion clause language due to competing court rules nationwide, say Brian Scarbrough and Deepthika Appuhamy at Jenner & Block.

• Del. Solera D&O Decision May Have Limited Impact

  

  While the Delaware Supreme Court's recent decision in Solera is a blow for companies in the state seeking protection for certain key appraisal proceedings, the ruling hinges on the insurers' narrow definition of a violation that will trigger directors and officers coverage for securities-related claims, making it unlikely that other jurisdictions will follow suit, say attorneys at Hunton.