Ailing AIG Rolls Out New Cyber-Breach Product

Law360, New York (January 27, 2009, 12:00 AM EST) -- With data breaches and the mayhem they can cause emerging as a major risk area, a unit of American International Group Inc. said Tuesday it would offer a new insurance exotic, styled as a computer-age mix of professional liability and network security coverage.

AIG Executive Liability's product, called Specialty Risk Protector, allows business customers to bundle related coverage into one policy.

The product includes coverage for specialty errors and omissions; network security and privacy; event management; crisis fund; network interruption; cyber extortion; media for publishers and...
To view the full article, register now.