Law360 (Could 14, 2021, 6:43 PM EDT) — The ransomware assault on Colonial Pipeline Co., the most recent high-profile instance of a rising risk, could make it harder for corporations to barter cyber insurance coverage insurance policies with out first bolstering their technological defenses, specialists stated.
The assault by hackers prompted Colonial Pipeline to briefly halt gasoline operations extending from Texas to New Jersey and took down facets of the corporate’s IT programs. The incident has renewed curiosity in cyber insurance coverage insurance policies, whilst insurers increase the bar for policyholders to qualify for protection, authorized specialists advised Law360.
Robert Jacques of Cooley LLP, who primarily represents policyholders, stated the broad and really public…
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