Page is loading...

Scott Godes Quoted in Law360 Article, “4 Insurance Takeaways from Lloyd’s Cyberattack Report"

Scott Godes

Scott N. Godes

Data Security and Privacy Co-Chair

PolicyholdercybersecurityimageScott Godes, partner and co-chair of the firm’s Data Security and Privacy Practice Group, was recently quoted in Law360’s article, “4 Insurance Takeaways from Lloyd’s Cyberattack Report.” Lloyd’s of London recently co-wrote a report predicting that a major cyberattack on the East Coast could trigger $70 billion in covered insurance claims. The article examines four takeaways for insurers and policyholders. Godes noted that the report admits there could be coverage for cyber-based events in multiple types of insurance policies.  He also suggests that the insurance industry should introduce a cyberinsurance policy parallel to a commercial package policy, providing coverage for all types of losses resulting from a cyber event. He is quoted multiple times in the article.  In one, he is quoted saying, "Rather than picking and choosing coverage based on slivers of losses, there should be a broad package that can provide policyholders the peace of mind they need in the event of a major cyber incident.” To read the full article, click here.


After a Ransomware Attack, Does Property Insurance Cover Damaged Software and Hardware?

February 11, 2020 | Policyholder Protection, Cyber Insurance, Policy, Data Security

Minnesota Court of Appeals Confirms Agent Comments Can Bind Insurer

May 25, 2018 | Indiana Insurance Coverage, Policyholder Protection

Avoid Insurance Related Risks to Help Your Bottom Line

January 25, 2018 | Cyber Insurance, Insurance, Risk Management, Policyholder Protection


Do you want to receive more valuable insights directly in your inbox? Visit our subscription center and let us know what you're interested in learning more about.

View Subscription Center
insurance policies
Trending Connect
We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to use cookies.