Following news of a data breach last week, Business Insurance reports Home Depot has a total of $105 million in cyber coverage. American International Group provides $10 million of primary coverage, followed by Zurich Insurance Group providing $20 million and Liberty Mutual Insurance providing $15 million, among others. A Law360 article says Home Depot is likely to point to the Supreme Court’s Clapper ruling to fend off class-actions, but attorneys say plaintiffs are “quickly learning that they can bypass the defendant-friendly 2013 decision by proving that their data has been misused or that they relied on false security pledges.”
Full Story