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Physicians Protector Plan® Announces a New Partnership with CyberScout

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Physicians Protector Plan, a division of Protector Plans and underwritten by Aspen American Insurance Company, has partnered with CyberScout, an industry leader in cyber risk protection and incident response services, to provide their physician insureds with award-winning data breach services to help protect their business and customers from the risks and repercussions of a data breach incident.
TAMPA, Fla. (PRWEB) January 19, 2021
Physicians Protector Plan, a division of Protector Plans, has partnered with CyberScout, an industry leader in cyber risk protection and incident response services, to provide their physician insureds with award-winning data breach services to help protect their practices and patients from the risks and repercussions of data breach incidents. These data breach services are available as part of cyber liability coverage offered by Aspen American Insurance Company ("AAIC"). The risk to physicians and patients is troubling; the cost of a healthcare data breach averages $400 per compromised patient record, resulting in data breach recovery costs that can easily imperil the financial viability of a physician practice. The threat is equally concerning for patients, who would face the stress and costs associated with potentially becoming victims of identity theft.

Georgia , United-states , Australia , Tampa , Florida , North-carolina , United-kingdom , Texas , Illinois , California , Canada , Michigan

Insurers' COVID-19 Notepad: What You Need to Know Now (Week of December 21) | All Alerts & Newsletters

Dec.22.2020
Courts Dismiss COVID-19 Business Interruption Claims
On December 17, 2020, the district court for the Middle District of Florida granted DTW 1991 Underwriting Limited’s motion to dismiss a bar’s COVID-19 business interruption complaint. According to the court, because the plaintiff did not suffer any tangible damage, and instead alleged that its loss was tied to the government shutdown orders, the loss was only economic, which “is not the type of loss that [the] Defendant undertook to pay for based on the plain meaning of the language in the policy.” Order at 15. Finding amendment would be futile, the court dismissed the case with prejudice.

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Recent Court Ruling Illustrates The Perils Insurers Face When Sending Boilerplate Coverage Letters To Georgia Policyholders | King & Spalding

Federal Court in Georgia Applies
Hoover Rule Finding that Insurers Who Sent Denial Letters Waived Right to Assert Other Coverage Defenses Later.
Eight years ago in
Hoover v. Maxum Indemnity Co., 730 S.E.2d 413 (Ga. 2012), Georgia’s Supreme Court cautioned insurers against the common practice of denying coverage on one ground at the outset of a claim’s investigation, and later amending or supplementing that coverage denial to assert new coverage defenses if the initial reasons for denying coverage fail. Under
Hoover, when an insurer responds to a Georgia policyholder’s claim notification, it has three options: (1) confirm coverage for the claim; (2) defend the claim under a reservation of rights to deny coverage later after a claim investigation; or (3) deny the claim outright.

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