transcript   Transcript

Cyber Insurance: What Policyholders Need to Know Now

Recorded on: Jun. 23, 2017
Running Time: 01:03:21

Full Transcript:

If you are a Privileged Member, just log in and start reading now! If you are not a Privileged Member, please click here to learn how unlimited access to PLI programs may be right for you and your firm.

To access the streaming media of this presentation, please purchase the corresponding seminar segment.

Taken from the briefing Cyber Insurance:  What Policyholders Need to Know Now recorded June 2017 in New York.

According to some estimates, cybercrime costs the global economy more than $400 billion a year. On a corporate level, the average cost per breach is now at $7 million. While these statistics instill fear in some, they create opportunity for others. Insurers recognized the opportunity early on. As the old Wall Street saying goes, “sell into fear, buy into greed.” The fear was there. All that was needed was something to sell into that fear. Cyber insurance products quickly came to the rescue. Many of these cyber insurance policies, by design, covered very little. But they sold like hotcakes.

Corporate policyholders are more educated now than they were in the early cyber insurance days, but insurers still sell deficient cyber insurance products, and deny cyber insurance claims that should have been paid.

Lecture Topics  [01:03:21]

Listen to Mark E. Miller, founding partner of Miller Friel, PLLC, as he addresses:

  • Coverage under current cyber insurance policies;
  • How cyber insurance policies can be improved through negotiation;
  • Common bases for denials of cyber insurance claims; and
  • Best practices for handling corporate cyber insurance claims.

Presentation Material

  • Cyber Insurance - What PolicyHolders Need to Know Now
    Mark E. Miller
Mark E Miller ~ Miller Friel, PLLC
Transcript FAQ's
  • How Can I Access Transcripts?
    You must be a Member in good standing.

  • Can I access the Video?
    Yes, you can access the video if you have the Adobe Flash plugin installed. Click on the video camera icon when you mouse over each paragraph. The media will begin playback at that point.

  • Can I get CLE credit for reading the transcript?
    No, CLE credit cannot be earned for reading a transcript. CLE credit is issued only for verified attendance while watching a web program. If seeking credit, please verify the program's eligibility for credit and expiration date in your jurisdiction on the web segment launch page before commencing the program.

  • twitter
  • LinkedIn
  • YouTube
  • RSS

All Contents Copyright © 1996-2019 Practising Law Institute. Continuing Legal Education since 1933.

© 2019 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.