Cyber Insurance Claims

“The Check’s In the Mail:” Behind the Sinclair Lawsuit Against CCC/CNA and Starr Indemnity

by

Check out our detailed report on the cyber insurance lawsuit Fortune 500 company Sinclair Inc. has filed against CCC/CNA and Starr Indemnity, claiming the cyber insurers each owe the broadcaster $10 million for losses from a 2021 ransomware attack. Both insurers deny the allegations, now before a Maryland federal court. But Sinclair’s claims in the … Read more

Want Your Cyber Insurance Claim Paid? Sue Us, CNA and Starr Tell Sinclair Inc.

by

The local news is not good for broadcaster Sinclair Inc. (Nasdaq: SBGI), a Fortune 500 company known for the 185 television stations it owns or operates across the US. The company is suing two of its cyber insurance providers, claiming the Continental Casualty Company (or “CCC,” the principal subsidiary of CNA) and Starr Indemnity & … Read more

Cyber Insurance & Lawsuits: It’s a “Race” to the Courthouse for Cyber Litigation

by

Thought the risk of being sued for a cyber breach was already high? It’s getting worse, Carolyn Purwin Ryan, a partner in Mullen Coughlin LLC’s data privacy and cybersecurity practice, told viewers during a recent webinar. Ryan noted that cyber breaches requiring the notification of >10,000 individuals often triggered a class-action lawsuit. But weeks ago … Read more

Are Non-Criminal Claims a Growing Risk for Cyber Insurance Providers?

by

We recently told you how one cyber insurance expert predicts the massive CrowdStrike-caused IT outage may change the cyber insurance industry, including by boosting demand for coverage of non-malicious losses, or non-criminal claims, such as business interruptions cause by software failures. The recent NetDiligence Cyber Claims Study 2024 (see our summary of other findings here) … Read more

CrowdStrike Snafu Will Shake Up Cyber Insurance Market: Broadstone

by

What some call the largest IT outage in history was caused by a faulty software update, not a cyber attack. But the team at Broadstone thinks the CrowdStrike debacle this summer will move the cyber liability insurance market anyway. “The CrowdStrike event, along with other recent cyber incidents like MoveIT, Change Healthcare, CDK Global, and … Read more

×