Reed Smith recently attended the Airmic Annual Conference 2025 in Liverpool as a Marketplace Partner and, in the wake of a series of high-profile cyberattacks on retailers in the first half of 2025, cyber risk emerged as a central theme throughout panel discussions and sessions at the conference. Stakeholders across government, cybersecurity and underwriting all
Cyber incidents can pose a threat to any business. A recent bankruptcy case, In re Jerico Pictures, Inc., d/b/a National Public Data (“National Public Data”),[1] demonstrates that the growing recognition of the danger posed by cyber risks is also leading to greater expectations on companies to protect themselves from those risks, including through insurance.
Today, generative AI (“Gen AI”) is one of the world’s fastest growing technologies, with businesses around the globe developing, adopting and incorporating machine-learning and AI technologies into their business models. The very nature of this fast-paced and novel technology brings unique risks that can implicate various lines of insurance coverage including, among others, Cyber, Professional