Cyber Liability Archives - United Policyholders

Cyber Liability

Ohio

In its amicus curiae brief, United Policyholders weighs in on the issue of whether a business property insurance policy provides insurance coverage for a ransomware attack.

Universal American Corp. v. National Union Fire Ins. Co.

Year: 2014

Court: New York Court of Appeals

Case Number: APL-2014-00133

Issue:

Cyber Liability

State:

New York

The carrier denied coverage for payments incurred as losses for fraudulent use of the insured’s computer systems (bogus medicare payments). However, the insured had purchased a “Computer Systems Fraud” rider which the insured argued would cover such losses. Fraudulent conduct, as defined in the rider,…

Medidata Solutions, Inc. v. Federal Ins. Co.

Year: 2018

Court: U.S. Court of Appeals, 2nd Circuit

Case Number: 17-2492-cv

Issue:

Ambiguities/Reasonable Expectations
Causation/Direct Loss
Cyber Liability

State:

New York

Businesses are increasingly looking to their property and liability insurance policies for indemnification and defense in connection with cyber crimes including data breaches, hacks and ransomware demands. Insurance companies are taking varying approaches to accepting and rejecting these claims. UP is weighing in to support…