Attention:
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Decoding Cyber Insurance: What You Need To Know To Get Covered


Level: Advanced
Runtime: 60 minutes
Recorded Date: October 04, 2018
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Agenda


2:45 pm - 3:45 pm
  • The Current Cyber Insurance Market
  • Worst Day Hypothetical
  • First Party Losses
  • Third Party Losses
  • Underwriting Process
  • What Should You Do to Prepare?
  • Coverage Disputes
  • Takeaways
  • Forms to Consider
Runtime: 1 hour
Recorded: October 4, 2018
For NY - Difficulty Level: Experienced attorneys only (non-transitional)

Description

Congratulations, you have purchased cyber risk insurance! But simply purchasing a cyber-insurance in addition to your traditional insurance coverage may not be enough to ensure that you’ll be covered for the range of losses that follow a cyber-attack. So how do you know if your business is really covered for a data breach or cybercrime?

Our panel experts will highlight key issues that fall through the cracks if you are not savvy about negotiating coverage. They’ll highlight risks you may never have thought about, offer insights on breach remediation and management, and flag obligations included in some policies that insureds must comply with to keep coverage in force.

This program was recorded as part of Corporate Counsel's Women, Influence & Power in Law Conference held on October 4th, 2018.

Provided By

Women, Influence & Power in Law Conference
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Panelists

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Tracie Grella

Global Head of Cyber Risk Insurance
AIG

Tracie Grella is Global Head of Cyber at AIG. In this role, Ms. Grella is responsible for the company’s cyber-related products and services, ensuring AIG is creating solutions and delivering expertise to help Commercial and Consumer Insurance clients manage and mitigate this evolving risk.

Ms. Grella had previously served as Global Head of Professional Liability for Financial Lines for AIG, responsible for establishing underwriting strategy and implementing best practices in multiple lines of business including cyber liability, reputational risk insurance, architects and engineers liability, and specialty professional liability worldwide. Ms. Grella began her insurance career with AIG in 1995 as a professional associate in AIG’s U.S. Executive Liability division, and subsequently held a number of positions of increasing responsibility, including President of National Accounts, Chief Underwriting Officer, and Division President for Professional Liability in the U.S. and Canada.

Ms. Grella is commonly called upon as an industry expert by insurance trade and mainstream publications on cyber liability and professional liability issues. Ms. Grella was named a 2015 Insurance Executive to Watch by Risk & Insurance and a 2014 Woman to Watch by Business Insurance. Ms. Grella holds a B.S. in finance from Rutgers University and holds a CPCU designation.

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Sharon R. Klein

Partner
Pepper Hamilton LLP

Sharon R. Klein (CIPP/US) is a partner in the Commercial Department of Pepper Hamilton LLP. Ms. Klein is the partner in charge of the firm’s Orange County office and chair of the Privacy, Security and Data Protection practice. She is a leader of the Technology practice and the Digital Health practice. She handles a variety of corporate and intellectual property matters, in particular, helping technology and outsourcing clients grow and succeed. Ms. Klein advises businesses on planning, drafting and implementing privacy, security and data protection policies and “best practices,” compliance with applicable laws, regulations and rules, and crisis management and litigation strategies for non-compliance. She is certified as an information privacy professional by the International Association of Privacy Professionals (IAPP). Ms. Klein is a frequent writer and presenter on privacy, security and data protection matters.

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Jennifer Mailander

Deputy General Counsel Data Privacy & Cybersecurity, Legal Department
Fannie Mae

Jennifer K. Mailander is a Privacy and Data professional with extensive and diverse experience in advising executives and Boards of Directors on global privacy, cybersecurity, risk management, regulatory compliance and technology matters in the mortgage, AdTech, business services, cloud technology, and consumer products areas. Ms. Mailander is currently Senior Director and Deputy General Counsel at Fannie Mae, a leading source of financing for mortgage lenders providing access to affordable mortgage financing for millions of Americans. She also sits on the board of directors for Spirion, a technology company focused on helping companies locate and secure their data. Ms. Mailander is a founding member and former Chair of the Association of Corporate Counsel (ACC) Women in the House (WITH) network and currently serves as co-chair of the DC chapter of The Quorum Initiative.

Prior to joining Fannie Mae, Ms. Mailander was Associate General Counsel of Privacy at ComScore in Reston, VA and Associate General Counsel and Director of Compliance & Privacy at Corporation Service Company (CSC) in Wilmington, DE. She actively volunteers supporting Fannie Mae’s pro bono efforts and the Dumbarton House museum in Washington, DC.

Ms. Mailander attended the University of Dayton School of Law and Miami University for her graduate and undergraduate degrees.

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Cheryl Call

Associate General Counsel
Mission Lane, LLC

As Associate General Counsel at Mission Lane, LLC, Cheryl serves as the lead transactional attorney and is responsible for negotiating, drafting and managing vendor contracts, joint ventures, equity investments and technology transactions and advising on strategic, legal and regulatory matters.

As principal at Legalsy PLC, Cheryl was Special Counsel at Blackbaud, Inc., BLKB, the world’s leader in providing cloud software and services for the social good community and Special Counsel, Privacy & Compliance at Greystar, the global leader in rental housing.
Cheryl previously worked in-house at Blackbaud as Deputy General Counsel, negotiating transactions, overseeing corporate governance, providing counsel and training to Human Resources, leading compliance efforts and managing the Sales contracts team.

Cheryl started her career at Capital One as a senior member of the commercial contracting team, where she developed best in class commercial agreements, policies and training on contracting and vendor management best practices training for Capital One University. Cheryl is a cum laude graduate of Virginia Commonwealth University and received her JD from the University of Richmond School Of Law, where she served as the Executive Editor of the Richmond Law Review.

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Pamela S. Palmer

Partner
Pepper Hamilton LLP

Pamela Palmer is a partner in the Commercial Litigation Department and co-chair of the Securities Litigation Practice of Pepper Hamilton LLP, resident in the Los Angeles and Orange County offices.

Ms. Palmer handles a wide range of complex business disputes with emphasis in business v. business disputes, investor and shareholder claims, securities and disclosure litigation, class actions, derivative suits, merger and corporate control disputes, as well as consumer and competition claims. She represents companies, officers, directors and professional service providers in fiduciary duty, business judgment and professional liability cases, SEC and other regulatory enforcement matters. She also advises clients on corporate governance, disclosure, indemnification and D&O insurance coverage.

Ms. Palmer has a strong track record of achieving client-favorable pre-trial case dismissals and insurance covered settlements. She also advises boards and special committees in internal investigations involving whistleblowers, shareholder demands and auditor-initiated investigations.

Ms. Palmer’s clients have included Fortune-ranked public companies, executives, boards, private companies and individuals involved in a wide range of industries, including technology, internet and digital media, life sciences, medical devices, wireless communications, broadcasting, residential mortgage, financial services and commercial banking.

She is a member of the firm’s Pro Bono Committee, Professional Responsibility Committee and Contributions Committee. Before joining Pepper, Ms. Palmer was a litigation partner with Latham & Watkins and a member of its Whistleblower Task Force and M&A Takeover Defense Group. Before private practice, Ms. Palmer served as a law clerk in the Ninth Circuit.


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