If CEOs and directors weren’t paying attention to cyber security before, they are now. More than likely they have questioned their CFOs and chief risk officers about their own companies’ cyber-liability coverage. At the same time, commercial general liability underwriters are anxious to make sure they’re not on the hook for cyber risks. In the case of existing CGL policies, they’ve contended that the broad-scope insurance was never intended to pay for the unforeseen consequences of computer hacking.
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