Hunton Retail Law Resource

In today’s digital world, data breaches due to vendor failures are becoming increasingly common, often resulting in costly fallout. While insurance can provide a safety net, the interaction between cyber insurance and vendor contracts is crucial for effective recovery and risk management. Vendor contracts should not be treated as mere formalities but as vital frameworks that contain specific, detailed provisions regarding data security obligations to ensure accountability and minimize vulnerabilities.

Last week, the Office of Federal Procurement Policy (OFPP) and the Federal Acquisition Regulatory Council (FAR Council) released three new proposed deviations in their overhaul of the Federal Acquisition Regulation (FAR).

We recently wrote about the Trump administration’s efforts to streamline the Federal Acquisition Regulation (“FAR”).  The FAR contains approximately 2,000 pages of regulations that guide hundreds of billions of dollars in acquisitions each year.

The Texas legislature recently passed SB 840, which now heads to Governor Abbott’s desk for signature.

A Delaware court recently held in Mattel, Inc. and Fisher Price, Inc. v. XL Insurance America, Inc., et al., that a series of product liability claims dating back to 2013 constituted a single “occurrence” under the toy manufacturer’s and distributor’s commercial general liability (CGL) policies.