Home > Property & Casualty > The expected boom in cyberinsurance

The expected boom in cyberinsurance

The New York Times published an article today predicting that there will be a surge in the purchase of what it refers to as “cyber insurance” – insurance covering a range of exposures relating to the breach of privacy and network security. The article has some significant exaggerations and misleading statements, and it quotes extensively from people whose livelihood depends upon cybersecurity breaches and the sale of insurance policies, but it provides a useful window on the current environment. The article places great importance on the recent guidelines issued by the SEC’s Division of Corporation Finance. Click here for WGA’s blog post and downloadable White paper discussing these new guidelines and their potential impact on companies’ legal exposure and insurance programs.


About the Author

John Doernberg is a Vice President at WGA. He is responsible for developing relationships and serving as a resource for WGA clients, with a particular focus on privacy, information security and risk management issues. Before becoming an insurance broker in 1995, he practiced law for more than ten years at major firms.

617.646.0336 JDoernberg@wgains.com Connect with John via LinkedIn

MORE POSTS BY JOHN >

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s