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 ...

Law firms have become a popular target for cyberattacks. Sergio Oehninger and Patrick McDermott recently authored an article in the ABA’s TYL magazine regarding insurance coverage for law firms for cyber-related risks. In the article, Oehninger and McDermott identify the potential coverage issues firms may face under their typical liability policies and provide guidance for firms seeking coverage specifically written to cover cyber-related risks.