Cybercrime Coverage Archives - United Policyholders

Cybercrime Coverage

Cybercrime Coverage

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.

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
Cybercrime Coverage

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…