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In G&G Oil Co. of Indiana, Inc. v. Continental Western Insurance Co., the Indiana Supreme Court confirmed that silent cyber; insurance industry’s term for circumstances when losses due to cyberattacks are covered by policies not marketed as cyberinsurance – extends to losses due to ransomware.
Friday, May 14, 2021 It’s been a year since COVID-19 caused a torrent of insurance coverage litigation regarding business interruption and extra expense coverage for losses due to governmental orders, shut down requirements, and the spread of the coronavirus. With more than 335 decisions having been issued as of early May 2021, the numbers show significantly better odds for policyholders than the insurance industry and many media reports suggest. ‘So you’re saying that there’s a chance!’ There are more than 50 decisions in which courts have either granted summary judgment ...