Treaty Team February 2018 Newsletter
Investigating Potential Recovery: Are 3rd party vendors responsible?
The insured used a 3rd party vendor to host its website. It was subsequently reported that customers were having difficulty checking out orders on the website and that a breach had been discovered. Perpetrators had installed a script on the system, allowing access to the order and credit card information. It’s believed that 600 orders… Read more »
Product Liability Exposure: A high dollar verdict despite a strong defense for misuse of the product
Product misuses overrides the staunchest manufacturing processes. The issue is not what the client does right but what the public does wrong. Can we anticipate the potential misuse of a product? Product Liability Exposure: A high dollar verdict despite a strong defense for misuse of the product. At the time of the accident, the plaintiff… Read more »
The Importance of Privacy Breach Response coverage: Exposure Mitigation
The insured was an accounting firm and sustained an IT security breach. The insured was an accounting firm and sustained an IT security breach. Thirty tax returns were altered and fraudulently transmitted to the IRS. Breach response services were provided, including credit monitoring and the issuance of notification letters to 1200 clients, which has contained… Read more »
Liquor Risks: The importance of internal controls
This loss illustrates the importance of TIPS training for the entire staff when liquor liability is a covered peril. TIPS training is an important deterrent against intoxication, underage drinking and drunk driving. The plaintiffs left the insured`s establishment after consuming numerous alcoholic drinks and rolled their car into a ditch. The passenger in the car… Read more »
