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Webcast

Cyber in 2024: Where Are We? How Did We Get Here?


Total Credits: 2 including 2 CE Credit

Average Rating:
   319
Categories:
Commercial Lines |  Cyber
Speaker:
Richard Pitts
Course Levels:
Intermediate
Duration:
2 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates


Description

Join Rick for this fast-paced session as he examines the state of cyber coverage and the cyber market. He will begin with a brief review of how the entire field began and how industry forms developed to respond to the risk. Turning to where the market currently is placed, Rick will discuss pricing, coverages, and perhaps most importantly, underwriting considerations for successful placement. The second half of the session is a deeper look at "next level" topics such as the blurry line between crime and cyber coverage, how case law is affecting the scope of coverage, and the most recent developments in forms, such as the "acts of war" exclusion.

Basic Course Information

Learning Objectives
  • Identify key components of cyber coverage, such as governance, privacy, and security, and understand the role of multi-factor authentication (MFA) in protecting against common cyber threats.
  • Evaluate the underwriting perspective of cyber risks, including the identification of the greatest threats, the impact of company size and industry, and the importance of data handling procedures and prior claims.
  • Distinguish between cyber and crime policies, recognizing the overlap and differences in coverage, particularly in the areas of financial loss, data breaches, and business interruption.
  • Recognize the coverage issues and challenges in the cyber insurance market, such as prior breaches, lack of standardization, and the evolving regulatory environment.

Major Subjects
  • Cyber Risk Insurance Basics
  • Cyber Market Overview
  • Insights into underwriting considerations for cyber risks
  • Understanding the relationship between cyber and crime insurance

Course Materials

Speaker

Richard Pitts's Profile

Richard Pitts Related Seminars and Products

Vice President

Arlington/Roe & Co.


Rick Pitts is vice president and general counsel for Arlington/Roe & Co., a leading Midwest managing general agent and wholesale insurance broker with a premium volume that exceeded $140 million in 2012. Rick also serves as general counsel to the Independent Insurance Agents of Indiana, Inc. As counsel to the “Big I,” Rick speaks annually at the association’s New Laws seminars and teaches various seminars on insurance and employment related matters. Pitts has also presented continuing education seminars to insurance professionals nationally and in Illinois, Kentucky, Michigan, Ohio and Tennessee.

Rick is a 1983 graduate of Wabash College and a 1986 graduate of Indiana University School of Law – Indianapolis. Pitts clerked for the Honorable Patrick D. Sullivan, a judge of the Indiana Court of Appeals in 1986-87. Rick is admitted to practice before Indiana state and federal courts, the United States Supreme Court and the United States Court of Appeals for the Seventh Circuit and is a member of local, state and national bar associations. Pitts has tried cases and participated in over seventy appeals.

Pitts has served as panelist and lecturer on subjects including the Americans with Disabilities Act; “Mold: Issues under the Microscope” for the Indiana Continuing Legal Education Forum (ICLEF); and “Insurance Issues for Builders” for the Indiana Builders Association. He served as chair of several of ICLEF’s seminars including “Advanced Corporate Practice,” “Privacy Law” and “Insurance Coverage Issues.” He has presented seminars on “Insuring Fiduciary Exposures,” “Insurance Coverage Disputes” and “Agency Succession and Perpetuation” for the Big I. Pitts has co-authored articles in the Indiana Law Review.


Dates

Mon, Apr 07, 2025 - 09:00am to 10:39am EDT
Wed, Apr 16, 2025 - 01:00pm to 02:39pm EDT
Mon, May 12, 2025 - 09:00am to 10:39am EDT
Thu, May 29, 2025 - 01:00pm to 02:39pm EDT
Fri, Jun 06, 2025 - 09:00am to 10:39am EDT
Mon, Jun 23, 2025 - 01:00pm to 02:39pm EDT
Tue, Jul 15, 2025 - 09:00am to 10:39am EDT
Wed, Jul 30, 2025 - 01:00pm to 02:39pm EDT
Tue, Aug 05, 2025 - 09:00am to 10:39am EDT
Mon, Aug 25, 2025 - 01:00pm to 02:39pm EDT
Thu, Sep 11, 2025 - 09:00am to 10:39am EDT
Fri, Sep 26, 2025 - 01:00pm to 02:39pm EDT
Fri, Oct 03, 2025 - 09:00am to 10:39am EDT
Mon, Oct 27, 2025 - 01:00pm to 02:39pm EDT
Tue, Nov 11, 2025 - 09:00am to 10:39am EST
Wed, Nov 19, 2025 - 01:00pm to 02:39pm EST
Fri, Dec 05, 2025 - 09:00am to 10:39am EST
Wed, Dec 17, 2025 - 01:00pm to 02:39pm EST

State Specific Details

State Approval Information Details FL - This course is approved for 2 hours of credit - # 129878

Basic Course Information

Designed For  Independent Agents

Reviews

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Overall:      4.7

Total Reviews: 319