Aon  |  Professional Services Practice

“Honestly, I think a ban is very unlikely,” says Tom Ricketts, a managing director at Aon with expertise in cyber insurance. “There is very similar thinking being applied to this between the US and the UK, which are the two most targeted countries for ransomware. But they’re both running into the same two major issues – how would you enforce this, and should the government be essentially condemning businesses to die by banning their ability to pay a ransom?”

The case for a ransomware payment ban, November 25, 2024, Tech Monitor
PSP Insights by Tom

“Some clients might ask for the firm to use AI because it could be a cost-cutting measure for searching documents and things like that, but they’re very careful when using it and in putting parameters around how their lawyers can access AI tools,” said Maggie O’Donnell, Chicago-based chief client officer for professional services at Aon PLC.

Expanding risks drive lawyers liability claims, November 1, 2024, Business Insurance

“Tom Ricketts, a managing director of insurance broker Aon, wrote last year that due to the frequency of employees falling victim and the severity of claims, insurers have sharply curtailed annual social engineering sublimits—keeping some as low as $10,000 and often never higher than an annual maximum of $250,000.”

"When Cyber Crooks Steal Payments, Think Insurance Makes Up The Loss? Think Again", October 24, 2024, Engineering News-Record | ENR

“To better advise AI decisions, lawyers should know the benefits, shortcomings and best practices of incorporating insurance into AI risk management.”

Kevin Kalinich, Intangible Assets Global Collaboration Leader at Aon, Top artificial intelligence insurance tips for lawyers, ABA Journal