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Cyber policies provide front-line action to aim to control the crisis and regain access. This can include the appointment of forensic IT experts, expert ransom negotiators, public relations experts and lawyers. Even though the actual cyber-attack may be successfully resolved, here we explore how a cyber-attack could potentially have impacts on D&O policies.
Connecticut is the fifth state to pass a comprehensive privacy law. Senate Bill 6, “An Act Concerning Personal Data Privacy and Online Monitoring” (“CTDPA” or “Act”), passed in both chambers of the state legislature on April 22, 2022, and April 28, 2022, respectively, and Governor Ned Lamont signed it into law on May 10, 2022. The Act will go into effect on July 1, 2023, with the exception of certain provisions.
Global insurance and litigation law firm Kennedys has promoted six new partners in Australia, a significant share of the record round of 22 partner promotions worldwide that take effect from 1 May 2022. This is the largest round of internal promotions since Kennedys opened the first Australian office in 2006.
The State Opening of Parliament will take place on 10 May 2022, with the Queen’s Speech setting out the Government’s agenda and economic plans for the next session. We take a look at what new laws could be announced and what measures from last year’s Queen’s Speech are confirmed as being carried over.
We asked Joel Durston to give some insight into his role as an Associate in our London office and to give an idea of what it’s like working in our global cyber team.
An in-depth look at the Target decision finding that loss-of-use damages included costs of replacing payment cards compromised in data breach
On March 22, 2022, the United States District Court for the District of Minnesota ruled that two ACE insurers were obligated to indemnify Target Corporation (“Target”) for the amounts it paid to settle claims related to replacement of payment cards impacted in a data breach, vacating an earlier decision in which the court found that Target was not entitled to coverage.
In this report, Kennedys experts explore key legal and regulatory developments, and provide an overview of the business critical topics which motor and transport insurers should consider as they plan for operational resilience in 2022.
Kennedys continues US growth with the addition of four attorneys in Miami and New York. We are targeting US expansion with the addition of two new partners in two of our East Coast offices. Partner Niva Harney-Hiller is joining our Miami office, bringing with her a special counsel and one associate, while Daniel Marvin joins as partner in our New York office.
As 2021 came to a close and the ever-present threat of ransomware attacks continued to loom large, there was arguably no greater security risk in the minds of cybersecurity professionals than the Log4j vulnerability. Jen Easterly, director of the U.S. Cybersecurity & Infrastructure Security Agency, referred to Log4j as the most serious security flaw she had ever seen, which may not be fully resolved for years to come.
Technology to the rescue? How insurtech is helping insurers improve the customer experience and comply with new regulatory requirements
The 2022 ClaimsTech Summit was held in Sydney on 3 March and Kennedys was pleased to host a panel discussion concerning “Managing Insurance Regulatory Reforms”. The panel's discussion highlighted the importance of insurtech for Australian insurers in the 21st century.