With the rise in IAA annual survey respondent confirmations of having had a “cybersecurity incident” reaching 39 percent in 2019 as compared to 18 percent in 2016, getting the answer to the question of “Do I have the right coverage?” is an increasingly important consideration.
This article serves to share a discussion of the evolution of the “Cost of Investigations” coverage grant in an E&O/D&O coverage program and how it has followed the changes in the SEC’s approach to serving as a regulatory authority in the asset management sector.
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