Cyber-liability insurance has grown from a niche product into a multi-billion-dollar market in less than a decade. It has also become a negotiating point in technology-related contracts and a buzzword for corporate boards. In this seminar, we will discuss how this new insurance market has developed -- surveying the spectrum of �cyber� insurance products and outlining what events these products are (and are not) intended to cover. We will also discuss underwriting problems (information asymmetry, correlated losses, etc.) and how these underwriting problems are causing insurers to increasingly dictate security practices and behavior. Finally, we will discuss the future of cyber-liability insurance and how a major event could shift the market�s focus or even lead to government intervention.