Hunton Insurance Recovery Blog

Washington, DC-based partner Michael Levine has been recognized for his extensive experience and insights into emerging and legacy property and business interruption insurance coverage issues by being selected to Law360’s 2024 Editorial Advisory Board for Insurance Authority Property. As a member of the board, Mike will provide feedback on Law360’s coverage of property issues and expert insight on how best to shape future reporting of issues affecting businesses across all industry sectors.

The SAFETY Act is a highly effective risk management tool created to incentivize the development of anti-terrorism technologies—broadly defined—and to provide protections to providers of products and services meant to prevent or mitigate physical and cyber-attacks.  Among other benefits, companies receiving SAFETY Act coverage for their technologies have their potentially liability associated with an act of terrorism capped at the amount of insurance coverage required by the U.S. Department of Homeland Security (“DHS”).  Companies seeking to reduce their exposure to liability associated with cyber or physical attacks should consider applying for designation or certification under the SAFETY Act.  DHS has also approved a wide variety of other technologies and security programs for protection under the SAFETY Act. 

As we explained in our introductory post, rapid advancements in artificial intelligence (AI) present multifaceted risks for businesses of all types. The magnitude, fluidity and specificity of these risks underscore why businesses should continually audit their own unique AI risks profiles to best understand and respond to the hazards posed by AI.

New York’s Commercial Division is a sophisticated forum for resolving complex commercial disputes.  The Commercial Division has many advantages over other forums: judges are hand-selected for their experience with commercial cases, discovery procedures are streamlined to save time and money, and dispute resolution is encouraged early and often.  However, the several sets of overlapping rules governing practice in the Commercial Division can intimidate outsiders and trip up the uninformed. 

Policyholders purchase insurance policies as a safety net, promising financial protection in times of need. However, that safety net can disappear when an insurer rescinds a policy—a devastating consequence for potentially innocent policyholders. We recently published a post following a Fourth Circuit decision addressing this issue. The Ninth Circuit has also addressed this issue, most recently in the decision discussed below.