In a recent Rochester Business Journal article, Harter Secrest & Emery partner Lauren Mendolera highlights the increasing complexity of insurance coverage as businesses navigate rapidly evolving cyber and technology-related risks. She notes that cyber insurance policies are becoming more sophisticated as insurers respond to developments in artificial intelligence, data governance and online threats, making it essential for organizations to work closely with experienced advisors to understand policy terms and align coverage with broader risk management strategies.
Lauren also points to emerging considerations such as geopolitical-related coverage exclusions and the growing use of representations and warranties insurance in M&A transactions, emphasizing the importance of carefully negotiating policy provisions as the insurance landscape continues to evolve.