Darwin Announces Privacy//403(SM): A New Solution for Data Privacy, Network Security, and First-Party Business Interruption Risk
July 21 2008 - 6:00AM
PR Newswire (US)
FARMINGTON, Conn., July 21 /PRNewswire-FirstCall/ -- Darwin
Professional Underwriters, Inc. (Darwin), (NYSE:DR) today announces
a new solution for health care organizations, financial
institutions, and other businesses that utilize data as part of
their daily business practices. Darwin's Privacy//403(SM) product
offers data privacy and network security liability protection for
organizations. This coverage will help the health care and
financial services industries in particular -- as they are
increasingly using, transmitting, and storing personal and
confidential information. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060829/NETU014LOGO ) The
product integrates four critical insurance elements including data
privacy, network security liability, media liability; and Darwin's
brand new coverage for first-party business interruption costs such
as forensic investigative expense, data restoration, extra expense
and reduction in business income. "Even sophisticated data
protection systems can be vulnerable to privacy breach and data
loss," says Adam Sills, Privacy//403 Lead Underwriter and Product
Manager. "These exposures can arise from a variety of events,
including merely the loss or theft of a laptop. This is why privacy
insurance is such a growth area in the E&O insurance market
today." With greater technological functionality and dependency
also comes greater liability and exposure. With the increasing
spread of wireless networks, greater usage of laptops, and back-up
tapes, now more than ever organizations must be aware of how they
can protect their network and confidential information. Building
awareness through education is also fundamental to the success of a
privacy liability insurance policy. Darwin partners with Pepper
Hamilton, an industry-leading law firm, expert in the privacy and
security liability field, to provide policyholders with relevant
risk management advice, consultation, loss control education, and
procedural development. "One of Darwin's core values is to assist
our clients in mitigating loss. We provide the tools necessary to
create appropriate procedures that help our policyholders maintain
data privacy and network security," says Susan Chmieleski, Senior
Vice President and Risk Management Lead at Darwin. "In fact, our
proactive 'client alert' program engages policyholders in loss
prevention efforts from day one of the policy period." For
information on how to access Privacy//403, please contact Adam
Sills at 860-284-1382 or . For information pertaining to Darwin's
risk management and loss control services, please contact Susan
Chmieleski at 960-284-1954 or . Important Information Coverage
descriptions in this press release are summaries only; all
coverages will be determined by the policy as issued. Policies are
available only through licensed surplus lines brokers.
Additionally, this press release may contain projections, comments,
and other forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Each forward looking
statement is based on Darwin's plans and expectations, as well as
on current events and industry trends. Such statements are subject
to risks and uncertainties, and the actual outcomes or results may
differ materially from those expressed or implied by any of these
statements. About Darwin Professional Underwriters, Inc. Darwin is
a specialty insurance group based in Farmington, Connecticut. The
company is focused on the professional liability insurance market
and underwrites directors and officers ("D&O") liability for
public and private companies, errors and omissions ("E&O")
liability insurance, medical malpractice liability insurance, and
other specialty coverages. Darwin member companies include Darwin
Professional Underwriters, Inc., Darwin National Assurance Company
(DNA), and Darwin Select Insurance Company (Darwin Select). DNA and
Darwin Select have earned a financial strength rating of "A-
(Excellent)" from A.M. Best Company. Darwin is traded on the New
York Stock Exchange under the ticker symbol, "DR." For more
information about Darwin, visit http://www.darwinpro.com/.
http://www.newscom.com/cgi-bin/prnh/20060829/NETU014LOGO
http://photoarchive.ap.org/ DATASOURCE: Darwin Professional
Underwriters, Inc. CONTACT: Product inquiries, Adam Sills,
+1-860-284-1382, , Risk Management inquiries, Susan Chmieleski,
+1-860-284-1954, , or Media inquiries, Vicki Vinnitsky,
+1-860-284-1502, , all of Darwin Professional Underwriters, Inc.
Web site: http://www.darwinpro.com/
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