Insights
Firm News

PF Chang's Loss Highlights Common Holes In Cyber Coverage

June 8, 2016 Media Coverage

Law360
June 8, 2016

"PF Chang's Loss Highlights Common Holes In Cyber Coverage"

In the article, insurance recovery partner Tyler Gerking commented that policyholders should understand their third-party vendor and service provider relationships and look at the proposed policy with that specifically in mind, to ensure that anytime a situation arises where liability flows back to them, they will have coverage. 

He noted, unlike P.F. Chang's’ policy, some cyber policies do cover liabilities that a policyholder assumes under a contract, but it is crucial for policyholders to understand the extent of that coverage before purchasing a policy to avoid surprise denials by carriers.

"When buying policies, it is important to understand how far that 'assumed under contract' language extends," Gerking said. "Unless you are looking at that language at the outset, one might assume that a certain exposure is covered, but if it's not clear, the carrier could try to deny coverage."

Link to full article: https://www.law360.com/articles/804825/pf-chang-s-loss-highlights-common-holes-in-cyber-coverage (subscription required)

Firm Highlights

Publication

PSDcast – Is Energy Companies' Customer Data a Trade Secret?

We often focus on the privacy issues involved in data collection – and they are critically important – while neglecting the idea of data as a tangible and valuable resource (and how to protect...

Read More
Publication

“Unfair Trade Practices” Exclusion Does Not Extend to Consumer Protection Claims

Two phrases combined in a single exclusion—“alleging, arising out of, based upon or attributable to any violation of any law…” and “as respects… unfair trade practices” could inspire carriers to make trouble for policyholders...

Read More
Publication

Maximizing Business Insurance Coverage Benefits After a Fire

Unfortunately, we again write while wildfire is devouring homes and businesses in Napa and Sonoma, and threatening many more. We’ve previously posted tips about first steps that you should take in the event your...

Read More
Publication

What Nonprofits Need to Know About Landlord-Tenants Relationships and Insurance

Amy Briggs and Tony Schoenberg discuss "What Nonprofits Need to Know About Landlord-Tenants Relationships and Insurance." Real estate is one of the most significant costs for an exempt organization. Furthermore, the laws governing landlord-tenant...

Read More
News

Lawyers Advising California’s Wineries Navigate a Pandemic and Wildfires

Partners Tyler Gerking and Matt Lewis were interviewed in the Daily Journal article "Lawyers advising California’s wineries navigate a pandemic and wildfires."

Read More
Publication

Maximizing Insurance Coverage: What Cannabis Businesses Need to Know

Farella's Cannabis Industry Education Series features Tyler Gerking discussing "Maximizing Insurance Coverage: What Cannabis Businesses Need to Know." The cannabis industry has flourished, along with it the cannabis insurance market has grown. As more carriers...

Read More
Publication

Top 10 Practical Business Implications Arising From the Passage of the CPRA

California’s Proposition 24 passed as expected, and the new California Privacy Rights Act will change the privacy landscape created by the California Consumer Protection Act (CCPA), which went into effect only months ago. While...

Read More
Publication

D&O Professionals Series: Tyler Gerking Discusses D&O Coverage and Litigation

Insurance Recovery partner Tyler Gerking explores current trends and observations on D&O coverage and litigation on Willis Towers Watson's "D&O Professionals Series." Read the full article,  here .

Read More
News

Amy Briggs Inducted to American College of Coverage Counsel

Read More
Publication

Insurance Dispute Resolution

Farella's Real Estate Webinar Series features Amy Briggs discussing "Insurance Dispute Resolution." Businesses have filed claims seeking recovery help under their insurance policies due to various governmental closure orders arising from the COVID-19 pandemic. Losses related...

Read More