Insurers' responses to the risks inherent in e-commerce and the demand for coverage have been anything but uniform. Instead, the solutions are a patchwork of stop-gap measures and niche offerings, including: (1) exclusions to coverage; (2) modifications to existing policies in order to extend or to limit coverage; and (3) the creation of new policies that specifically target Internet-related liabilities and losses. These various measures have been applied in both the first- and third-party settings. This article presents an overview of some of the risks involved in the new "e-economy" and surveys how insurers are responding to these new risks.
Robert H. Jerry, II & Michele L. Mekel, Cybercoverage for Cyber-Risks: An Overview of Insurers' Responses to the Perils of E-Commerce, 8 Conn. Ins. L.J. 7 (2001), available at http://scholarship.law.ufl.edu/facultypub/132