Cyber Insurance Workshop

In November of last year, the U.S. Department of Homeland Security, among other governmental entities, published the following Report:

Cybersecurity Insurance Workshop Readout Report.

The Report arose out of a discussion-group type conference; it lasted a single day. Those in attendance were from several "populations": carriers, risk managers, cyber experts, academics from the social science (and maybe business), plus critical infrastructure owners and operators.  (It does not look like any lawyers were in attendance.) The Report includes summaries of what were perhaps speeches and summaries of points made in discussions.

It does not contain any of the topics typically of interest to coverage counsel. There are no specific discussions of various types of policies, components of underwriting, adjustment problems, and/or lawyers.  Nothing at all was said about in-house counsel at insurance companies and that seemed especially strange to me, if for no other reason, that insured had notice of the conference and therefore had the opportunity to send interested lawyers from the General Counsel's office, e.g., the General Counsel him/her-self .

One of the most interesting points from the coverage lawyer's point of view is the assertion that "there are over 50 carriers in the cybersecurity insurance market today that offer a wide variety of products. . . . Companies can purchase cybersecurity insurance as a standalone product or as a part of special packages that address multiple areas of cyber risk."

This Report is easily available on the Internet.