Are GDPR Fines Insurable? UK Watchdog Won't Say

Law360, London (September 19, 2018, 11:21 AM BST) -- Britain’s data regulator has refused to be drawn on whether businesses can insure themselves against the huge fines that can be levied under Europe’s new information protection regime, as it urges companies to invest in compliance rather than worrying about penalties.

A spokeswoman for the Information Commissioner’s Office told Law360 that the question of whether businesses can insure against multimillion-pound penalties under the General Data Protection Regulation is “not an issue for the ICO.” The comments could add to the confusion among international cyber-insurers who want to create a new line of business and policyholders keen to transfer their entire GDPR...

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