On November 17, 2017, a federal district court in Florida granted summary judgment in favor of Hanover Insurance Company (the Insurer) relating to a data breach suffered by Innovak International Inc. (the Insured). Innovak International Inc. v. The Hanover Insurance Company, Case No: 8:16:cv-2453-MSS-JSS, U.S. Dist. Ct., Mid. Dist. FL (November 17, 2017). [Read more…]
The increasing use — both commercial and professional — of drones leads to serious insurance issues, as discussed here.
Verne Pedro of the Merlin Law Group is correct that coverage for social engineering claims under computer fraud Insurance provisions is contentious and unsettled. He discusses a recent case on that issue here:
To paraphrase the film noir classic Asphalt Jungle, cyber-crime is a left-handed form of human endeavor.
The District Court for the Southern District of New York has ruled in Medidata v. Federal Ins. Co., that a company duped via e-mail into wiring sums of money overseas by an unknown actor was covered under the company’s computer fraud policy, rejecting arguments that the coverage was limited only to hacking into policyholder’s computers.
Over the years, interpreting the term “Professional Services” in insurance policies has proven to be one of the most vexing coverage issues. This post highlights the importance of understanding both exclusions and grants of coverage for Professional Services and making sure the policies in your insurance portfolio appropriately dovetail.