TittmannWeix’s cyber insurance practice has come into prominent public focus of late.
Today, Law360 reported a significant coverage litigation filed by Zoom Video Communications, Inc. against Certain Underwriters at Lloyd’s, London, as one of the most important cyber E&O coverage litigations now pending in the U.S. Law360 reported TW’s role in representing Certain Underwriters in this matter, led by Louisa Weix, Raymond Tittmann, Patrick Laurence, and Jackson Harris.
On August 5, Bloomberg News interviewed several experts, including founding partner Louisa Weix, on emerging efforts by policyholders to secure coverage for cryptocurrency losses. Comparing cryptocurrence coverage disputes to the insurance industry’s efforts to avoid “silent cyber” coverage, Louisa noted how some carriers have been adding “virtual currency and digital asset” exclusions to avoid inadvertent coverage for cryptocurrency theft.
On August 4, Asceris dropped Episode 7 of its “Cyber Security & Insurance Leaders” podcast, featuring Louisa Weix on cutting-edge trends in cyber insurance. Among the most interesting points, Louisa coined the phrase “silent crypto” in reference to the rise of claims trying to force cryptocurrency losses into a variety of policies. Is crypto “property,” “cash,” “security”? TW is currently handling a “silent crypto” litigation matter in San Diego under an identity theft policy, wherein the policyholder claims cryptocurrency qualifies as “cash.”