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Data Breaches, Bankruptcy and the Importance of Cyber Insurance
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A recent data breach and subsequent bankruptcy combine to form a cautionary tale on the importance of cyber insurance. On our Insurance & Recovery blog Policyholder Pulse, in “From Data Breach to Bankruptcy – A Cautionary Tale for Those Without Cyber Insurance,”colleagues Curtis A. Simpson and Robert Shoemaker examine the data breach suffered by American Medical Collection Agency and how that forced its parent company, Retrieval-Master Creditors Bureau Inc., into Chapter 11.