Two hundred billion IoT devices could be in use by 2020, according to one estimate cited in the World Economic Forum’s recent report, Mitigating Risk in the Innovation Economy. This rapid integration of the digital world and the physical world presents unprecedented opportunities for businesses in a wide array of industries. But it also
Dustin Cho is a commercial litigator who focuses on representing corporate policyholders in coverage disputes with their insurers. He is a partner in Covington’s top-ranked Insurance Practice Group, which Chambers USA describes as “the pinnacle of policyholder representation across the USA.”
Dustin has helped his clients obtain hundreds of millions of dollars in insurance recoveries for a wide range of liabilities, including shareholder claims, mass torts, government investigations, professional liability, environmental remediation, employment claims, product liability, and antitrust claims. He also assists his clients in obtaining coverage for lost earnings, expenses, property damage, and other losses, including under cyber, property, event cancellation, and other insurance policies.
Dustin is an experienced trial and appellate advocate, and has also helped his clients avoid litigation and successfully resolve coverage disputes through settlement negotiations and ADR. He has represented leading industry trade associations and other policyholder coalitions in appeals regarding important insurance issues.
Dustin has been profiled as a “Rising Star” in insurance by Law360, a recognition that honors top lawyers under 40 nationwide.
The recent National Institute of Standards and Technology (NIST) publication of cybersecurity guidance for the Internet of Things (IoT) is a useful reminder that hacking incidents can result not only in privacy breaches, but also in bodily injury or property damage — via critical infrastructure, medical devices and hospital equipment, networked home appliances, or even children’s toys. In addition to enhanced system security engineering and preventive education efforts, insurance is an increasingly essential component in any enterprise risk management approach to cyber vulnerabilities. But purchasers of cyber insurance are finding that nearly all of the available cyber insurance products expressly exclude coverage for physical bodily injury and property damage.
Continue Reading Insurance Coverage Issues for Cyber-Physical Risks