Avoid Surprises in Computer Insurance
Computers begot computer crime which begot risk and loss which begot insurance which begot claims which begot denials which begot litigation which begot a practice specialty no one imagined ten years ago.
Lisa Campisi works in that practice area.
I was impressed when I heard her speak at an insurance coverage conference in Phoenix. She represents policyholders in cyber insurance cases.
“I've worked with all manner of insurance policies: cyber crime, as we've been talking about, ‘cyber coverage’/data breach coverage (which is distinct from cyber crime), environmental, D&O, general liability, product liability, crime, fidelity bonds. You name it, I've probably worked on it. Political risk, credit risk, et cetera. I have a broad familiarity with the way insurance works and insurance coverage principles and the law in the varying states and its favorability or non-favorability to policyholders.”
So, businesses buy insurance to protect against cyber crime and when a crime happens, they make claims which get paid. Easy, right? Not quite.
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“Avoid Surprises in Computer Insurance,” by Mike Panter was published in the Chicago Daily Law Bulletin on October 17, 2018, and reprinted in full on his blog, Panter’s Banter.