Fallout from Travelers CGL Cyber Ruling: Insurance Buyers and Sellers Beware
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Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy.
Buyers would be mistaken to think the ruling means that they do not need a cyber policy if they have a CGL policy and insurers might want to think twice before narrowing their general liability language to guard against cyber claims when the marketplace is clamoring for broader coverage.