A Maryland federal court recently awarded summary judgment to National Ink and Stitch, finding coverage for a cyber-attack under a non-cyber insurance policy after the insured’s server and networked computer system were damaged as a result of a ransomware attack. We discussed the significance of the decision in a January 27 blog post that can be found here.
Continue Reading Hunton Insurance Partners Andrews and Levine Comment to Law360 and Business Insurance on Recent Ransomware Coverage Win for National Ink
Businessowner’s Insurance
Maryland Court Finds Coverage For Lost Data And Slow Computers After Ransomware Attack
A Maryland federal court awarded summary judgment last week to policyholder National Ink in National Ink and Stitch, LLC v. State Auto Property And Casualty Insurance Company, finding coverage for a cyber-attack under a non-cyber insurance policy after the insured’s server and networked computer system were damaged as a result of a ransomware attack. This is significant because it demonstrates that insureds can obtain insurance coverage for cyber-attacks even if they do not have a specific cyber insurance policy.
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Continue Reading Maryland Court Finds Coverage For Lost Data And Slow Computers After Ransomware Attack