In this session, we will dive into a business interruption cyber loss which dramatically impacted a major airline. Emphasis will be placed on various specific insurance coverage which is quite different than the traditional business interruption coverage grants. The session will discuss the coverage trigger, deductible, methodology for calculating the business interruption and extra expense losses, and other issues. We will also touch on the early stages of the claim and recovery, with heightened focus on the complexities inherent in this type of loss. The audience will be surveyed throughout the session. We will seek their participation by recreating scenario’s which occurred between the insured and insurer. The audience will experience traveling down a “what would you do?” path as we guide them in the decision-making process that the Insured experienced.
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