JD Supra

Ransomware Attack Replacement Costs Are Covered “Direct Physical Loss or Damage” Under Standard Business Owner’s Policy, According to Maryland Federal Court

A Maryland federal court recently weighed in on the still-murky world of insurance coverage for cybersecurity losses, finding replacement costs necessitated by a ransomware attack were “direct ...
Law

Ransomware Attack Not Covered: 'No Direct Physical Loss of or Damage to' Intangible Computer Software, State High Court Says

The insurance policy phrase "direct physical loss of or damage to" has been prominent in the news the past few years thanks to the spate of business interruption cases stemming from the pandemic, but ...
JD Supra

Ohio Supreme Court Rules No Coverage For Ransomware Attack Under BOP Policy Because Computer Software Sustained No Direct Physical Damage

The Ohio Supreme Court waited until the last week of the year to issue what may be the most important silent coverage decision of 2022. Direct physical injury is a fundamental requirement of ...
Law

When Cyber Attacks Result in Physical Damage: Important Insurance Considerations

As the world becomes more interconnected, cyber attacks unfortunately are becoming more frequent, more sophisticated and more dangerous. So-called "cyber-physical attacks," for instance, pose a unique ...