McKool Smith principal Michael Miguel spoke with Law360 and was quoted in the article, “Rising Cybercrime Drives Some Reinsurers Away.” With the rising cybersecurity risks, American companies are in need of cybersecurity insurance; however, “unpredictable cyber risks have scared some insurers and reinsurers away, leaving policyholders navigating skyrocketing insurance premiums.” Michael said, “pressure on corporate America to secure the cyberinsurance is so great that the imposition of more restrictive exclusions is not going to lessen the market or the appetite to get it.” Read the article here.
