Hunton Insurance Recovery Blog

The ABA announced last week that it would supplement its insurance coverage offerings to include cyber insurance. Chubb Limited will underwrite the insurance, which the ABA said “includes cyber coverage for a firm’s own expenses, such as network extortion, income loss and forensics, associated with a cyber-incident as well as for liability protection and defense costs.”

In its press release, the ABA referenced the revelations late last year that Chinese citizens had hacked two law firms to obtain information regarding mergers. The hackers then used that insider ...