Profile

Luma S. Al-Shibib is a shareholder in Anderson Kill's New York office and co-chair of the firm’s Cybersecurity Group and Cyber Insurance Recovery Group. She focuses her practice on insurance recovery for corporate policyholders, with an emphasis on cyber liability insurance, crime insurance, directors & officers liability insurance, and other claims-made professional liability insurance.

Luma has secured over a hundred million dollars in recoveries for corporate clients in both litigation and prelitigation matters. She has obtained recoveries for losses from data breaches, ransomware and phishing attacks under all-risk property and crime policies as well as cyber policies.

Luma also has a background in bankruptcy and has represented clients in bankruptcy cases involving insurance claims, particularly in the context of claims under directors & officers liability insurance policies.

Luma is Co-Chair of Anderson Kill's Diversity Committee and involved in Anderson Kill’s Women's Network and COVID Task Group.

While in law school, Luma interned as a student law clerk for the Honorable Laura Taylor Swain of the United States District Court for the Southern District of New York.

Personal

Ms. Al-Shibib is committed to public service, pursuing various local and international community projects in her personal time. From 2010-2012, Ms. Al-Shibib served as a United States Peace Corps Volunteer to the Kalinago People in the Commonwealth of Dominica in the Eastern Caribbean, where her work included indigenous rights issues. She also has volunteered with the International Rescue Committee in New York, working with the refugee resettlement unit, Habitat for Humanity in Chang Mai, Thailand, and New York Cares.

Experience

Cyber-Related Losses

  • Secured multi-million dollar settlements under a tower of primary and excess cyber liability policies and first-party “all risk” policies for losses incurred by a resorts and casino operator as a result of a cyberattack, including costs for forensic investigation, data recovery, property damage, and business interruption, among others.
  • Assisted a law firm in securing coverage under its primary cyber liability policy for a ransomware attack.Successfully reversed an insurance company’s denial of coverage and obtained a pre-litigation recovery under a cyber liability policy for a manufacturing company’s multi-million dollar losses from a ransomware attack.
  • Assisted a number of private companies in fraudulent funds transfer claims under fidelity crime and stand-alone cyber policies for losses suffered from phishing and business email compromise schemes involving fraudulent wire transfer instructions.

Directors and Officers Liability

  • Represented a manufacturing company in attaining a multi-million dollar recovery in litigation against its D&O liability carrier and its insurance broker for defense costs incurred in an underlying shareholder action.
  • Assisted a pharmaceutical company in securing a recovery from its primary and excess D&O carriers for defense and indemnity losses incurred by the company and its officers in an action brought by a competitor.
  • Represented a wealth management advisory firm in an action seeking D&O coverage for costs related to a federal securities investigation.
  • Successfully procured defense costs coverage under a D&O policy for a corporate director in a criminal action.
  • Obtained D&O coverage for a retailer in connection with defense and indemnity liability in a class action lawsuit alleging violations of the TCPA.

Other Matters

  • Represented a computer technology distributions company in  successfully recovering  losses sustained from a theft of computer and cybersecurity products under a fidelity crime policy.
  • Represented an electronics manufacturer in an action against several of its CGL insurers concerning long tail environmental liability claims.
  • Secured settlements for a construction general contractor under builders risk policies, contractor-controlled insurance program policies, and CGL policies.
  • Represented corporate policyholders in cases involving broker liability.

Speaking Engagements

Insurance Coverage for Cyber Liabilities

Anderson Kill / June 20, 2024

Cyber Insurance – ACC Cybersecurity Summit 2024

Association of Corporate Counsel (ACC) Foundation / March 26, 2024

“Cyber Risk and Insurance Claims Survival Guide” – Anderson Kill’s 27th Annual Policyholder Advisor Conference

Anderson Kill / December 12, 2023

Using ADR to Resolve Commercial Cyber Insurance Policy Claims

NYSBA Dispute Resolution Section Insurance Dispute Committee Program / June 12, 2023

Cyber Insurance – ACC Cybersecurity Summit 2023

Association of Corporate Counsel (ACC) Foundation / May 9, 2023

CYBER INSURANCE – WHAT DOES IT REALLY COVER?

ACC Foundation Cybersecurity Summit / May 9, 2023

ANDERSON KILL’S 11TH ANNUAL NJ POLICYHOLDER ADVISOR CONFERENCE

Anderson Kill / April 27, 2023

Anderson Kill’s 7th Annual Cyber Insurance Recovery Webinar

Anderson Kill / June 28, 2022

ANDERSON KILL’S 10TH ANNUAL NJ POLICYHOLDER ADVISOR CONFERENCE

Anderson Kill / April 28, 2022

“Maximizing Your Insurance Recovery” – Anderson Kill’s 9th Annual New Jersey Policyholder Advisor Conference

Anderson Kill / April 22, 2021

“Update on Cyber Coverage and Claims” – Anderson Kill’s 24th Annual Policyholder Advisor Webinar Series

Anderson Kill / November 19, 2020

D&O PANEL ON CYBER AND PRIVACY RISK AS D&O RISK

Anderson Kill / November 6, 2019

ANDERSON KILL’S 17TH ANNUAL D&O CONFERENCE “INSURANCE FOR TECHNOLOGY, CULTURAL CHANGE AND SECURITIES CLAIMS”

Anderson Kill / June 13, 2019

Anderson Kill’s 7th Annual New Jersey Policyholder Advisor Conference – “Maximizing Your Insurance Recovery”

Anderson Kill / April 11, 2019

YOU’VE BEEN SERVED . . . CAN YOU RECOVER YOUR SUBPOENA COMPLIANCE COSTS THROUGH YOUR DIRECTORS AND OFFICERS LIABILITY INSURANCE POLICY?

Anderson Kill / November 1, 2018

Anderson Kill’s 21st Annual Policyholder Advisor Conference ‘Maximizing Your Insurance Recovery’

Anderson Kill / November 9, 2017

Publications

Quality liability insurance coverage needed for deluge of cyberattacks on health care ecosystem

Medical Economics / June 20, 2024

Managing Ransomware Risks in the Restaurant, Retail and Hospitality Industries

Anderson Kill Restaurant, Retail & Hospitality Advisor / April 25, 2024

Review of Cyber Coverage Developments From 2023 — A Policyholder’s Perspective

Westlaw Today / March 1, 2024

SEC’s SolarWinds Litigation Expands Regulatory Cyberrisk Landscape

Risk Management Magazine / November 22, 2023

Less Cyber Coverage, More Compliance Risk for Companies

Law360 / May 12, 2023

Ransomware and Malware Attacks in the News: Insurance and Risk Management Implications

Cyber Insurance Alert / May 11, 2023

A REVIEW OF CYBER COVERAGE DECISIONS FROM 2022: A POLICYHOLDER’S PERSPECTIVE

New York Law Journal / January 26, 2023

6 COMMON MISTAKES TO AVOID IF YOU WANT TO MAXIMIZE YOUR CYBER INSURANCE CLAIM RECOVERY

Risk & Insurance / May 15, 2022

5 STEPS TO ENSURE CYBER INSURANCE CLAIMS DON’T GET DENIED

PropertyCasualty360 / September 29, 2021

STEPS TO TAKE BEFORE A LOSS TO GET A CYBER INSURANCE CLAIM PAID

Steps to Take Before a Loss to Get a Cyber Insurance Claim Paid / September 28, 2021

WHAT DO YOU MEAN YOU HAVEN’T REVIEWED YOUR CYBER SECURITY PROTOCOLS DURING COVID-19?

Risk & Insurance / January 18, 2021

POTENTIAL INSURANCE COVERAGE ISSUES RESULTING FROM A CYBER BREACH

AK White Paper / December 1, 2020

TEN TIPS FOR DEALING WITH BANKRUPTCIES CAUSED BY THE COVID-19 SHUTDOWN

Policyholder Advisor & Alert / April 27, 2020

CONSTRUCTION WRAP-UP INSURANCE PROGRAMS: ERECTING A SOLID FOUNDATION, PART II

Construction Executive / April 15, 2020

CONSTRUCTION WRAP-UP INSURANCE PROGRAMS: ERECTING A SOLID FOUNDATION, PART I

Construction Executive / April 8, 2020

‘PARTICULAR PART’ EXCLUSIONS CAN MEAN TROUBLE FOR CONTRACTORS

Law 360 / March 2, 2020

DELAWARE COURT STRENGTHENS APPLICABILITY OF ‘LARGER SETTLEMENT RULE’ TO D&O ALLOCATION DISPUTES DESPITE ‘RELATIVE LEGAL EXPOSURE’ POLICY PROVISION

Policyholder Advisor & Alert / February 18, 2020

INSURANCE COVERAGE FOR SOCIAL MEDIA AND “INFLUENCER MARKETING” LIABILITY

CCBJ / May 16, 2019

YOU’VE BEEN SERVED: SEEKING D&O COVERAGE FOR REGULATORY SUBPOENA COMPLIANCE COSTS

Thomson Reuters Westlaw / May 7, 2019

ANDERSON KILL OFFERS EMPLOYERS REQUIRED NEW YORK MANDATORY SEXUAL HARASSMENT TRAINING AND VOLUNTARY IMPLICIT BIAS TRAINING WORKSHOPS

Employment Law Insider & Alert / February 12, 2019

THAT CONSUMER CLASS ACTION SUIT YOU’RE DEFENDING MAY BE COVERED BY INSURANCE

Coverage magazine / September 5, 2017

THIRD CIRCUIT RAISES THE BAR ON GRANTS OF SUBSTANTIVE CONSOLIDATION

The Journal Of Corporate Renewal / September 13, 2007

THE PRECARIOUS STATUS OF SUBSTANTIVE CONSOLIDATION AS A BANKRUPTCY REMEDY

Anderson Kill's Bankruptcy and Restructuring Newsletter / July 1, 2007

News

Insurer Ordered To Defend Legionnaires’ Suits

March 28, 2024

Southwest’s 5th Circ. Win Broadens Scope Of Cyber Coverage

January 22, 2024

Anderson Kill Names Luma Al-Shibib Co-Chair of the Firm’s Cyber Insurance Recovery Group

March 13, 2023

Influencers Liability Trending

November 1, 2021

Anderson Kill Names Luma Al-Shibib as Shareholder

November 7, 2016

images
images

Luma S. Al-Shibib

Shareholder , New York

Profile

Luma S. Al-Shibib is a shareholder in Anderson Kill's New York office and co-chair of the firm’s Cybersecurity Group and Cyber Insurance Recovery Group. She focuses her practice on insurance recovery for corporate policyholders, with an emphasis on cyber liability insurance, crime insurance, directors & officers liability insurance, and other claims-made professional liability insurance.

Luma has secured over a hundred million dollars in recoveries for corporate clients in both litigation and prelitigation matters. She has obtained recoveries for losses from data breaches, ransomware and phishing attacks under all-risk property and crime policies as well as cyber policies.

Luma also has a background in bankruptcy and has represented clients in bankruptcy cases involving insurance claims, particularly in the context of claims under directors & officers liability insurance policies.

Luma is Co-Chair of Anderson Kill's Diversity Committee and involved in Anderson Kill’s Women's Network and COVID Task Group.

While in law school, Luma interned as a student law clerk for the Honorable Laura Taylor Swain of the United States District Court for the Southern District of New York.

Personal

Ms. Al-Shibib is committed to public service, pursuing various local and international community projects in her personal time. From 2010-2012, Ms. Al-Shibib served as a United States Peace Corps Volunteer to the Kalinago People in the Commonwealth of Dominica in the Eastern Caribbean, where her work included indigenous rights issues. She also has volunteered with the International Rescue Committee in New York, working with the refugee resettlement unit, Habitat for Humanity in Chang Mai, Thailand, and New York Cares.

Experience

Cyber-Related Losses

  • Secured multi-million dollar settlements under a tower of primary and excess cyber liability policies and first-party “all risk” policies for losses incurred by a resorts and casino operator as a result of a cyberattack, including costs for forensic investigation, data recovery, property damage, and business interruption, among others.
  • Assisted a law firm in securing coverage under its primary cyber liability policy for a ransomware attack.Successfully reversed an insurance company’s denial of coverage and obtained a pre-litigation recovery under a cyber liability policy for a manufacturing company’s multi-million dollar losses from a ransomware attack.
  • Assisted a number of private companies in fraudulent funds transfer claims under fidelity crime and stand-alone cyber policies for losses suffered from phishing and business email compromise schemes involving fraudulent wire transfer instructions.

Directors and Officers Liability

  • Represented a manufacturing company in attaining a multi-million dollar recovery in litigation against its D&O liability carrier and its insurance broker for defense costs incurred in an underlying shareholder action.
  • Assisted a pharmaceutical company in securing a recovery from its primary and excess D&O carriers for defense and indemnity losses incurred by the company and its officers in an action brought by a competitor.
  • Represented a wealth management advisory firm in an action seeking D&O coverage for costs related to a federal securities investigation.
  • Successfully procured defense costs coverage under a D&O policy for a corporate director in a criminal action.
  • Obtained D&O coverage for a retailer in connection with defense and indemnity liability in a class action lawsuit alleging violations of the TCPA.

Other Matters

  • Represented a computer technology distributions company in  successfully recovering  losses sustained from a theft of computer and cybersecurity products under a fidelity crime policy.
  • Represented an electronics manufacturer in an action against several of its CGL insurers concerning long tail environmental liability claims.
  • Secured settlements for a construction general contractor under builders risk policies, contractor-controlled insurance program policies, and CGL policies.
  • Represented corporate policyholders in cases involving broker liability.

Speaking Engagements

Insurance Coverage for Cyber Liabilities

Anderson Kill / June 6, 2024

Cyber Insurance – ACC Cybersecurity Summit 2024

Association of Corporate Counsel (ACC) Foundation / February 5, 2024

“Cyber Risk and Insurance Claims Survival Guide” – Anderson Kill’s 27th Annual Policyholder Advisor Conference

Anderson Kill / December 12, 2023

Using ADR to Resolve Commercial Cyber Insurance Policy Claims

NYSBA Dispute Resolution Section Insurance Dispute Committee Program / June 12, 2023

Cyber Insurance – ACC Cybersecurity Summit 2023

Association of Corporate Counsel (ACC) Foundation / May 9, 2023

CYBER INSURANCE – WHAT DOES IT REALLY COVER?

ACC Foundation Cybersecurity Summit / May 9, 2023

ANDERSON KILL’S 11TH ANNUAL NJ POLICYHOLDER ADVISOR CONFERENCE

Anderson Kill / April 27, 2023

Anderson Kill’s 7th Annual Cyber Insurance Recovery Webinar

Anderson Kill / June 28, 2022

ANDERSON KILL’S 10TH ANNUAL NJ POLICYHOLDER ADVISOR CONFERENCE

Anderson Kill / April 28, 2022

“Maximizing Your Insurance Recovery” – Anderson Kill’s 9th Annual New Jersey Policyholder Advisor Conference

Anderson Kill / April 22, 2021

“Update on Cyber Coverage and Claims” – Anderson Kill’s 24th Annual Policyholder Advisor Webinar Series

Anderson Kill / November 19, 2020

D&O PANEL ON CYBER AND PRIVACY RISK AS D&O RISK

Anderson Kill / November 6, 2019

ANDERSON KILL’S 17TH ANNUAL D&O CONFERENCE “INSURANCE FOR TECHNOLOGY, CULTURAL CHANGE AND SECURITIES CLAIMS”

Anderson Kill / June 13, 2019

Anderson Kill’s 7th Annual New Jersey Policyholder Advisor Conference – “Maximizing Your Insurance Recovery”

Anderson Kill / April 11, 2019

YOU’VE BEEN SERVED . . . CAN YOU RECOVER YOUR SUBPOENA COMPLIANCE COSTS THROUGH YOUR DIRECTORS AND OFFICERS LIABILITY INSURANCE POLICY?

Anderson Kill / November 1, 2018

Anderson Kill’s 21st Annual Policyholder Advisor Conference ‘Maximizing Your Insurance Recovery’

Anderson Kill / November 9, 2017

Publications

Quality liability insurance coverage needed for deluge of cyberattacks on health care ecosystem

Medical Economics / June 20, 2024

Managing Ransomware Risks in the Restaurant, Retail and Hospitality Industries

Anderson Kill Restaurant, Retail & Hospitality Advisor / April 25, 2024

Review of Cyber Coverage Developments From 2023 — A Policyholder’s Perspective

Westlaw Today / March 1, 2024

SEC’s SolarWinds Litigation Expands Regulatory Cyberrisk Landscape

Risk Management Magazine / November 22, 2023

Less Cyber Coverage, More Compliance Risk for Companies

Law360 / May 12, 2023

Ransomware and Malware Attacks in the News: Insurance and Risk Management Implications

Cyber Insurance Alert / May 11, 2023

A REVIEW OF CYBER COVERAGE DECISIONS FROM 2022: A POLICYHOLDER’S PERSPECTIVE

New York Law Journal / January 26, 2023

6 COMMON MISTAKES TO AVOID IF YOU WANT TO MAXIMIZE YOUR CYBER INSURANCE CLAIM RECOVERY

Risk & Insurance / May 15, 2022

5 STEPS TO ENSURE CYBER INSURANCE CLAIMS DON’T GET DENIED

PropertyCasualty360 / September 29, 2021

STEPS TO TAKE BEFORE A LOSS TO GET A CYBER INSURANCE CLAIM PAID

Steps to Take Before a Loss to Get a Cyber Insurance Claim Paid / September 28, 2021

WHAT DO YOU MEAN YOU HAVEN’T REVIEWED YOUR CYBER SECURITY PROTOCOLS DURING COVID-19?

Risk & Insurance / January 18, 2021

POTENTIAL INSURANCE COVERAGE ISSUES RESULTING FROM A CYBER BREACH

AK White Paper / December 1, 2020

TEN TIPS FOR DEALING WITH BANKRUPTCIES CAUSED BY THE COVID-19 SHUTDOWN

Policyholder Advisor & Alert / April 27, 2020

CONSTRUCTION WRAP-UP INSURANCE PROGRAMS: ERECTING A SOLID FOUNDATION, PART II

Construction Executive / April 15, 2020

CONSTRUCTION WRAP-UP INSURANCE PROGRAMS: ERECTING A SOLID FOUNDATION, PART I

Construction Executive / April 8, 2020

‘PARTICULAR PART’ EXCLUSIONS CAN MEAN TROUBLE FOR CONTRACTORS

Law 360 / March 2, 2020

DELAWARE COURT STRENGTHENS APPLICABILITY OF ‘LARGER SETTLEMENT RULE’ TO D&O ALLOCATION DISPUTES DESPITE ‘RELATIVE LEGAL EXPOSURE’ POLICY PROVISION

Policyholder Advisor & Alert / February 18, 2020

INSURANCE COVERAGE FOR SOCIAL MEDIA AND “INFLUENCER MARKETING” LIABILITY

CCBJ / May 16, 2019

YOU’VE BEEN SERVED: SEEKING D&O COVERAGE FOR REGULATORY SUBPOENA COMPLIANCE COSTS

Thomson Reuters Westlaw / May 7, 2019

ANDERSON KILL OFFERS EMPLOYERS REQUIRED NEW YORK MANDATORY SEXUAL HARASSMENT TRAINING AND VOLUNTARY IMPLICIT BIAS TRAINING WORKSHOPS

Employment Law Insider & Alert / February 12, 2019

THAT CONSUMER CLASS ACTION SUIT YOU’RE DEFENDING MAY BE COVERED BY INSURANCE

Coverage magazine / September 5, 2017

THIRD CIRCUIT RAISES THE BAR ON GRANTS OF SUBSTANTIVE CONSOLIDATION

The Journal Of Corporate Renewal / September 13, 2007

THE PRECARIOUS STATUS OF SUBSTANTIVE CONSOLIDATION AS A BANKRUPTCY REMEDY

Anderson Kill's Bankruptcy and Restructuring Newsletter / July 1, 2007

News

Insurer Ordered To Defend Legionnaires’ Suits

March 28, 2024

Southwest’s 5th Circ. Win Broadens Scope Of Cyber Coverage

January 22, 2024

Anderson Kill Names Luma Al-Shibib Co-Chair of the Firm’s Cyber Insurance Recovery Group

March 13, 2023

Influencers Liability Trending

November 1, 2021

Anderson Kill Names Luma Al-Shibib as Shareholder

November 7, 2016

Education
  • Brooklyn Law School, J.D.
  • Connecticut College, B.A. cum laude, graduated with honors and distinction in major field
Bar Admissions
  • New York
Court Admissions
  • U.S. District Court for the Southern District of New York
  • U.S. District Court for the Eastern District of New York
  • U.S. District Court for the Northern District of New York
  • U.S. District Court for the District of Connecticut
  • New York Court of Appeals for the Second Circuit
Market Focused Groups

© Copyright 2024 by Anderson Kill P.C.