Barney School of Business Visiting Instructor of Business Law and Insurance, Ken Goldstein, has two publications forthcoming in early 2018.
Cyber Insurance: Why The Insurance Industry Struggles to Write It? will appear in the 2018 Q1 edition of the Professional Liability Underwriting Society journal. The PLUS Journal is a quarterly publication available exclusively to PLUS members. Articles are written by industry insiders and highlight the hot topics and key issues impacting the professional liability marketplace, as well as upcoming PLUS events and news.
The following is an abstract of the article: This article explores why certain insurers struggle to tap into the available market for Cyber insurance. It reviews the ideal characteristics of an insurable risk and outlines obstacles for profitable growth. It concludes with tips to proactively grow now, including building a diverse and global book of business, ensuring proper book balance, taking strategic advantage of treaty insurance, and engaging in Cyber risk modeling.
Gone Phishing: With Tax Season Approaching, Hackers are Getting Ready to Cast Wide Nets, will be published in the January/February issue of Connecticut CPA Magazine (plus online). Connecticut CPA Magazine is the CTCPA’s flagship publication, updating the nearly 6,000 CTCPA members on timely professional issues and member news. An abstract of the article follows: This cybersecurity article explores the topic of phishing exposures posed to accounting firms. It depicts a hypothetical data breach event during tax season and outlines the corresponding fallout, including first-party expense costs and significant third-party liability exposures. It concludes with recommended best practices.