Call Us 866.940.1101 ☰ ˟
866.940.1101
Logo
  • Home
  • About Us
    • About Us
    • Employee Directory
    • Partners Page
    • Event Calendar
    • Refer a Friend
  • Get A Quote
  • Products
    • Lawyers Malpractice Insurance
    • Professional Liability Coverage For Attorneys
    • Accountants Professional Liability
    • Dentist Malpractice Insurance
    • Business Owners Policy
    • Cyber Liability Insurance
    • Workers Compensation Insurance
    • Title Agents E&O Insurance
    • Paralegal Malpractice Insurance
  • Testimonials
  • Common Terms
    • Common Terms
    • Frequently Asked Questions
  • Blog
  • Contact
  • Areas We Serve
    • Grand Rapids, MI
    • Detroit, MI
    • Lansing, MI
    • Kalamazoo, MI
Home > Blog > Hiscox Insurance sues Law Firm over Data Breach
WEDNESDAY, APRIL 1, 2020

Hiscox Insurance sues Law Firm over Data Breach

Guards at the GateLaw firms tend to ignore the cyber threats until it is too late.  Many are not carrying any cyber insurance unless a client requires it.  Without carrying the proper insurance coverage actions or lack thereof to a data breach may cause more problems in the future.  In addition to the indemnity payments for damages and required notifications, cyber insurance insurers have specialists that can bring the resources in play needed to do a proper investigation.

On March 27, Hiscox Insurance filed a lawsuit against Warden Grier LLP.

Hiscox only learned about the data breach via social media.

“On March 28, 2018, an employee at Hiscox learned by happenstance, through social media, that some of Hiscox’s PI had been leaked on the “dark web...

After a preliminary investigation, Hiscox learned that the PI made its way to the“dark web” as a result of the 2016 Data Breach.....

On March 31, 2018, Hiscox requested a call with Warden Grier about the situation. On the subsequent call, Hiscox for the first time learned the details of the 2016 Data Breach.” 

Hiscox alleges in the lawsuit that Warden Grier failed to inform Hiscox about the data breach that happened in 2016 even though Warden Grier paid a ransom to keep the information of Hiscox clients off of the dark web.

“Warden Grier materially breached the Terms of Engagement and all implied contracts by failing to have appropriate measures in place to respond to the 2016 Data Breach, including conducting a prompt and adequate investigation into the 2016 Data Breach and notifying Hiscox of the 2016 Data Breach, and by failing to notify Hiscox and its insureds of the 2016 Data Breach....

Warden Grier’s conduct as described herein, namely, its failure to protect the PI, to adequately investigate the 2016 Data Breach and to advise Hiscox that its PI had been compromised, constituted a breach of Warden Grier’s fiduciary duties.”

After learning of the data breach Hiscox elected to notify their mutual clients of the data breach and states that Hiscox has suffered damages in excess of $1.5 million.

 

Lee Norcross 
Contact Me Today
Lee Norcross, MBA, CPCU

Managing Director, CEO
Click here to contact Lee Norcross, MBA, CPCU

(616) 940-1101 Ext. 7080 
Posted 2:21 PM

Tags: cyber insurance, data breach
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2013
  • 2011

  • lawyers professional liability insurance(429)
  • attorney malpractice insurance(384)
  • attorney malpractice(337)
  • legal malpractice(223)
  • legal liability(134)
  • cyber insurance(103)
  • data breach(92)
  • ethics(87)
  • erp(57)
  • malpractice insurance(54)
  • claims(39)
  • title agency e&o(36)
  • accountant e&o(34)
  • extended reporting period endorsement(30)
  • tail(29)
  • phishing(25)
  • prior acts(22)
  • legal malpractice insurance(21)
  • claims made coverage(21)
  • extended reporting period(21)
  • cyber security(19)
  • cyber liability(18)
  • accountant errors & omissions(18)
  • claims reporting(17)
  • crime insurance(16)
  • ransomware(16)
  • claim prevention(16)
  • attorney protective cle(14)
  • the hartford weekly newsletter(14)
  • attorney protective cle webinar(14)
  • 2022 mcgowan pro cpe webinar for accountants(13)
  • mcgowan webinar series for cpas 2021(12)
  • professional liability insurance(12)
  • retirement tail(12)
  • business owners insurance(11)
  • legal liability insurance(11)
  • attpro tip of the month(11)
  • fee suits(10)
  • full prior acts(10)
  • accountant errors & omissions insurance(10)
  • non-practicing erp(9)
  • bop(9)
  • cyber liability insurance(9)
  • title agent errors & omissions(9)
  • cyber crime(9)
  • claims made(9)
  • prior acts date(8)
  • webinar(8)
  • step rating(8)
  • lawyers(8)

View Mobile Version
Logo
Quick Links
Home Our Products Customer Service Payment Options Common Terms
About Us Refer A Friend Our Carriers Blog Contact Us
Location
2430 Camelot Ct SE
Grand Rapids, MI 49546

Local: 616.940.1101
Toll Free: 866.940.1101
Email: info@L2ins.com
Facebook Twitter Social LinkedIn
© Copyright. All rights reserved.
Powered by Insurance Website Builder