The IoT Revolution: Coming to a Warehouse and a Theme Park Near You   - Carrier Management

Privacy risks related to potential hacks of Internet-connected devices are hot topics for carriers, risk managers and brokers, but possible business interruption losses should not be overlooked when scoping out coverages for the Internet of Things, a lawyer warns. Speaking at the Advisen Casualty Insights conference earlier this year, Scott Godes, an insurance recovery attorney and a partner with Barnes & Thornburg in Washington, D.C., highlighted the first-party business income losses associated with the failure of Internet-connected devices, giving unusual examples ranging from “connected warehouses” to Disney’s MagicBands....