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Chubb's cybersecurity targets financial institutions. (Property/Casualty: Marketplace).


A new insurance policy from the Chubb Group of Insurance Cos. can help protect financial institutions from exposure to e-commerce liabilities, such as trademark infringement Trademark infringement is a violation of the exclusive rights attaching to a trademark without the authorization of the trademark owner or any licensees (provided that such authorization was within the scope of the license). , defamation and security breaches.

CyberSecurity by Chubb Liability Insurance for Financial Institutions helps to protect banks, insurance companies, investment firms, credit unions and other financial institutions against personal injury and advertising injury claims resulting from cyber activities, filling many gaps in current general liability products.

The policy addresses many exposures including:

* Content injury, including infringement of intellectual property, trademark and copyright; and

* Reputational injury, including lawsuits alleging disparagement In old English Law, an injury resulting from the comparison of a person or thing with an individual or thing of inferior quality; to discredit oneself by marriage below one's class.  of products or services, libel, slander slander: see libel and slander.
Slander
See also Gossip.

Slaughter (See MASSACRE.)

Basile

calumniating, niggardly bigot. [Fr. Lit.
, defamation and invasion of privacy invasion of privacy n. the intrusion into the personal life of another, without just cause, which can give the person whose privacy has been invaded a right to bring a lawsuit for damages against the person or entity that intruded. .
COPYRIGHT 2003 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 1, 2003
Words:104
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