Guest Blog Archives - Page 2 of 36

2 01, 2024

Professional Liability Risks and Trends Series: Jessica Centeno
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Professional Liability Risks and Trends Series: Jessica Centeno

@PLUS, Cyber, Guest Blog, PL Insurance

Professional Liability Risks and Trends Series: Jessica Centeno

By PLUS|2024-01-02T09:51:20-06:00January 2, 2024|@PLUS, Cyber, Guest Blog, PL Insurance|0 Comments

In this continuous blog series, PLUS teams up with experienced industry professionals to explore the most recent market trends. In this specific edition, we highlight Jessica Centeno, an esteemed client manager at Lockton. Throughout our conversation with Jessica, she shared valuable perspectives on trends and risks in the Cyber market, providing a distinctive viewpoint shaped by her professional expertise. To start, please tell us a little about your role and experience in the professional liability insurance (PLI) industry. I’m a client manager at Lockton in New York, responsible for handling, servicing, and brokering high profile cyber risks – both public [...]

Beyond the Exclusionary Rule: Claims for Pure Economic Loss in Singapore

By PLUS|2023-12-14T08:54:09-06:00December 14, 2023|@PLUS, Guest Blog, PL Insurance|0 Comments

Under English law, pure economic loss claims under the tort of negligence are generally excluded. The Singapore courts take a different approach and have held that there is no such general exclusionary rule under Singapore law – litigants and lawyers should instead refer to the universal framework widely referred to as the Spandeck test. English Law The English common law traditionally recognised a tortious duty to take care to avoid causing physical injury or damage to persons or property. Where a negligent act or omission caused a claimant to suffer physical property damage or personal injury, the resultant economic loss [...]

ERISA Fiduciary Concerns Relating To Cybersecurity: Part I – Theft Of Plan Assets

By PLUS|2023-12-11T12:20:08-06:00December 11, 2023|@PLUS, Cyber, Fiduciary, Guest Blog, PL Insurance|0 Comments

The 1920s and 1930s were infamous for bank robberies, where robbers disguised themselves as Santa Claus[i] and answered questions by stating that banks are robbed “because that’s where the monies at.”[ii] Fast forward about 100 years, cybercriminals do not need to disguise themselves as Santa Claus, and as to where the monies at – well, U.S. retirement plan assets totaled $36.7 trillion as of the second quarter of the 2023.[iii] Since a cyber breach is not a matter of if it will occur, but a matter of when, fiduciaries of retirement plans should be addressing this risk. This blog will [...]