Is There Enough Cyber Insurance Capacity?

AIG CEO Peter D. Hancock as quoted in the Wall Street Journal

PeterHancockAIG“The largest coverage I’m aware of is for a bank that has about $400 million in coverage which is very small when you think about it,” said Mr. Hancock . . . . The amount of coverage for cybersecurity is smaller than other types of insurance. “When you compare it to the amount of capacity that’s available for a complex chemical plant, refinery, offshore oil platform, the numbers are much, much higher,” he said.

 

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HB Litigation Conferences Presents

NetDiligence Cyber Risk & Privacy Liability Forum

Philadelphia
June 2-3, 2015

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