Attention:

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

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

Panelists

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.

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.

Jennifer Mailander

Senior Counsel & Director, Privacy & Comliance
comScore, Inc.

Versatile and energetic Business and Privacy Attorney and Market Director with extensive and diverse experience in legal function, compliance, technology and privacy in the business services, building technologies, and consumer products areas. Results driven problem solver with strong analytical and communication skills, orally and in writing. Signature strengths in development and execution of innovative solutions, project management, and risk analysis. Trusted by senior executives and rank and file employees, earning a level of acceptance and dedication across the organization and enabling notable process improvement.

Cheryl Call

Director & Deputy General Counsel
Blackbaud, Inc.

Cheryl Call is Deputy General Counsel for Blackbaud, Inc., a leading global provider of software and services designed specifically for the nonprofit, charitable giving and education communities. Ms. Call advises the company on corporate governance, commercial transactions, human resources, information security and data privacy matters globally.

Prior to joining Blackbaud, Ms. Call was part of the commercial contracting team at Capital One, with a focus on outsourcing transactions.

Ms. Call received a Bachelor’s degree from Virginia Commonwealth University and a J.D. from the University of Richmond School of Law, where she served as Executive Editor of the Law Review.

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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