With every day that passes under various shelter-in-place and similar orders, life before COVID-19 seems less and less familiar. Yet prior to the pandemic, businesses were just starting to recognize and deploy an employee benefit demand that went beyond the traditional employer offerings of health insurance, life insurance and 401k…
It’s difficult finding an industry that doesn’t stand to be transformed in some way by artificial intelligence. Yet no matter how gleaming the potential, some industries are naturally more cautious than others. In her latest post, “Artificial Intelligence: A Boon for Insurance Underwriting?”, Ashley E. Cowgill touches on the insurance industry’s…
Too often, a company with a new, promising product is caught by surprise when a competitor asserts an infringement claim against it on the technology underlying the product. Sometimes, the surprise isn’t that such a claim has been made, but rather that the company’s CGL insurance doesn’t have—or expressly excludes—patent coverage. Over at Policyholder Pulse,…
As developments in artificial intelligence transform the business plans (and in some cases, the very identity) of industries, they also inevitably trigger the need for those industries that serve a supporting role to adapt in response. This is certainly true of the legal profession, and it’s also a given for…
A robust cybersecurity strategy involves sophisticated, overlapping protections. Along with up-to-date technology, well-trained employees and vigilant IT professionals, comprehensive insurance coverage is an often necessary ingredient of any protective “moat” shielding a company from damaging cyberattacks. Yet does a company’s cyber insurance package actually protect it from one of the…
Transformative technologies do not just change their own industries—they cause a ripple effect throughout adjacent, more mature sectors. Just as the sudden, mass embrace of augmented reality in Pokémon Go opens up a number of liability concerns, so, too, will the advent of autonomous vehicles (the embrace of which is…
Recently, the Fourth Circuit handed down one of the first appellate-level decisions involving insurance coverage for a cyber-related event. The ruling is likely to create ripples among both carriers and company insureds, as it establishes the possibility that, under a general liability policy, a carrier may still be on the hook…
Many people invest significant time, effort and in some cases real money to acquire virtual goods. There is great perceived value in these virtual goods. But there are a growing number of cases, where users have been the subject of hacking and other situations where they have had their virtual…