The requirements of § 81 para. 2 VVG (grossly negligent causation of the insurance case) in Cyber insurance
(Erichsen/Seiz, r+s 2024, S. 97) Unfortunately, Cyber attacks on businesses are no longer uncommon, but rather part of everyday business. In 2023 alone, Finlex’s claims department recorded…
Impact of the current ECJ jurisdiction on Art. 82 GDPR on Cyber insurance
In three recent judgments (C-687/21, C-340/21 and C-456/22), the ECJ has clarified its jurisdiction on the data protection responsibility of companies for their own IT and data security, as well as…
The Whistleblower Protection Act and the resulting liability risks
In recent years, the protection of whistleblowers, i.e. individuals who report corporate wrongdoing, has become increasingly important. In Germany, the Whistleblower Protection Act…
In the crosshairs of cybercriminals? 7 steps to take to defend against attacks!
Cyber attacks are a constant threat to both businesses and individuals in today’s digital landscape. The good news is that you are not defenceless against these attacks. With the right…
Wolt: creating insurance that’s fit for the platform economy
Technology company Wolt’s Head of Insurance and Risk Garrett Olson explains the insurance needs of Wolt’s 180,000+ courier partners Wolt is a Helsinki-based technology company that provides an…
Information on the Microsoft Master Key Incident
On 11 July 2023, Microsoft published a report in which the company confirmed that there had been attempts by Chinese actors to hack customer email accounts. However, the company only provided limited…
Fine recourse against managers – latest developments in case law and insurability of fines in D&O
Contrary to the opinion previously held in case law and in parts of the literature, the Regional Court of Dortmund (https://openjur.de/u/2471461.html) decided in its decision dated 21/06/2023 –…
Trends in the era of digitalisation: New hedging solutions to meet customer expectations
Increasing digitalisation in industry Industry 4.0 – the digitalisation and networking of industry – has led to a profound change in business value creation. In the meantime, entire machine parks at…
Finlex Austria celebrates its 1st birthday
Exactly one year ago, in May 2022, the Finlex platform went live in Austria. It is now an integral part of the Austrian industrial insurance sector and already has over 160 Austrian platform users in…
Directors and Officers liability insurance (D&O) for lawyers and tax consultants in law firms too?
D&O insurance has long since established itself in the insurance portfolios of German companies. Law firms are only now increasingly taking out this special insurance cover for their leadership…
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Wolt: creating insurance that’s fit for the platform economy
Technology company Wolt’s Head of Insurance and Risk Garrett Olson explains the insurance needs of Wolt’s 180,000+ courier partners Wolt is a Helsinki-based technology company that provides an…
Information on the Microsoft Master Key Incident
On 11 July 2023, Microsoft published a report in which the company confirmed that there had been attempts by Chinese actors to hack customer email accounts. However, the company only provided limited…
Fine recourse against managers – latest developments in case law and insurability of fines in D&O
Contrary to the opinion previously held in case law and in parts of the literature, the Regional Court of Dortmund (https://openjur.de/u/2471461.html) decided in its decision dated 21/06/2023 –…
Trends in the era of digitalisation: New hedging solutions to meet customer expectations
Increasing digitalisation in industry Industry 4.0 – the digitalisation and networking of industry – has led to a profound change in business value creation. In the meantime, entire machine parks at…
Finlex Austria celebrates its 1st birthday
Exactly one year ago, in May 2022, the Finlex platform went live in Austria. It is now an integral part of the Austrian industrial insurance sector and already has over 160 Austrian platform users in…
Directors and Officers liability insurance (D&O) for lawyers and tax consultants in law firms too?
D&O insurance has long since established itself in the insurance portfolios of German companies. Law firms are only now increasingly taking out this special insurance cover for their leadership…
Principles of D&O excess of loss insurance and challenges in claims processing
Most large companies have it and in the event of major losses, the spotlight is always put back on it: excess of loss insurance. It is also currently under discussion again due to the Wirecard case…
Partial Criminal Legal Protection in D&O insurance – adequate replacement or deceptive security?
D&O insurance protects managers in the event of a claim due to financial loss and claims relating to civil law. However, liability proceedings are often preceded by criminal proceedings, the…
Current economic situation, insolvencies and financial loss liability insurance
Crises put pressure on companies The German economy is facing major challenges in these continuing times of crisis. To some extent, companies have the opportunity to face the demands and even emerge…
Finlex offers protection against shareholder activism
Shareholder activism is one of the fastest growing threats to publicly traded companies. Such campaigns cost the “attacked” company a lot of time and money. In cooperation with Volante,…