Thursday, February 28, 2013

Law Firm Insurance News: Cyberinsurance + Upcoming CNA Briefing (Chicago)

Cyberrisk continues to make headlines. From two lawyers at Baker Hostetler comes an interesting article on insurance: "What to Expect When Applying for Cyberinsurance" --
  • "While cyberinsurance is not a replacement for diligent in-house data security policies and procedures, prudent businesses should seriously consider it as part of their risk management program. In fact, even the process of applying for cyberinsurance can serve as a useful road map for a business to improve its data security processes."
  • "If the applicant shares confidential information with other companies, insurers will want to know if those business partners are required to demonstrate adequate security, indemnify the company for data breaches, and maintain their own insurance for breaches."

Also, our colleagues at CNA send word of an upcoming seminar they are producing:
  • On Wednesday, March 20, 2013, CNA, in conjunction with Levenfeld Pearlstein, LLC, will host a risk management roundtable seminar for midsize law firms (those with 35-125 full-time attorneys). CNA, as a leading professional liability insurer, recognizes that midsize law firms face specific challenges in managing risks and professional liability exposure.
  • We welcome partners, general counsel and/or other attorneys responsible for your firm's risk management, to this unique roundtable discussion.
  • Issues to be discussed include (among others):
    • Cultural challenges facing midsize law firms in today's lawyers professional liability world
    • Current claims trends against midsize law firms
    • Importance of client management and mitigating risk
The session will be held from 9 a.m.-11:00 a.m. at the offices of Levenfeld Pearlstein, LLC in Chicago, Illinois. If you are interested in attending, please contact Maryanne Brenna at Maryanne.Brenna@cna.com.

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