Privacy, Insurance: Legal Considerations

Online, November 17, 2009 (Newswire.com) - This article discusses the future impact to insurance carriers in issuing and maintaining privacy insurance coverages and how carrier risk may be impacted with the changing landscape of privacy litigation. The pervasive use of the Internet as a business platform and for the collection, use and transmission of personal information presents fertile ground for the growth in claims arising from data breaches and improper privacy practices. As these claims arise, they will undoubtedly be tendered to insurers for defense and indemnification under various commercial policy forms, including those recently developed to provide coverage for privacy claims. Insurance companies must be cognizant of the changing winds on the privacy landscape. Due to increasing regulatory compliance requirements and a spike in privacy related litigation flowing from record setting data breaches, organizations and insurance carriers will undoubtedly be faced with privacy as a significant risk component to business. The full article may be found at www.dbnjlawblog.com. The authors may be contacted at: Todd Ruback (908) 757-7800 x196, [email protected]; Steven Kunzman (908) 757-7800 x170, [email protected].