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Cyberattack Damage Is Not Covered Rules Ohio Supreme Court

In EMOI Services v. Owners Ins, Ohio Supreme Court ruled a policyholder did not suffer direct physical loss of computer media rendered unusable. The decision reverses an Ohio appellate court’s ruling that the cyberattack was covered under a commercial property insurance policy. ....

United States , Supreme Court , Ohio Supreme Court , Italian Caf , Sixth Circuit , Owners Insurance , Moi Servicesv Owners Ins , Ohio Supreme Court , Oes Insurance Cover Computer Software , Ommercial Property Insurance Policy , Uninsured Property , Computer Media ,

Construction all risks insurance – challenges with LEG3 coverage

In Denmark, construction all risks insurance covers damage in connection with a construction. It is an 'all risk' insurance, which means that most damage is covered unless directly excluded in the insurance terms. However, primary damage is not generally covered. As several players in the construction industry demanded coverage of primary damage, the London Engineering Group (LEG) introduced the so-called 'LEG3/96' coverage. This article examines challenges associated with LEG3 coverage in Denmark. ....

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Insurers' COVID-19 Notepad: What You Need to Know Now (Week of May 24) | All Alerts & Newsletters


May.24.2021
Courts Dismiss COVID-19 Business Interruption Claims
On May 13, 2021, the district court for the Northern District of Georgia granted American Family Insurance Company’s and Midvale Indemnity Company’s motion to dismiss a COVID-19 business interruption claim filed by the operators of two barbeque restaurants. The court concluded that the plain meaning of the phrase “direct physical loss” requires that there be “actual, physical damage to the covered premises” and the plaintiffs failed to allege any change to the physical condition of property due to COVID-19 closure orders. Order at 11. The court further found that the policy’s unambiguous virus exclusion bars coverage because the plaintiffs “claim no losses that were not caused, at least indirectly, by the virus.” ....

New York , United States , Allegheny County , Scott County , Pierce County , New York County , Orleans Parish , Specialty Lines Insurance Company , Starr Surplus Lines Insurance Company , American Family Insurance Company , Faraday Capital , Firstline National Insurance Company , Great Americanes Insurance Company Inc , Cincinnati Casualty Company , Badger Mutual Insurance Company , Simon Wiesenthal Center Inc , Insurance Company , Liability Insurance Company , Wm Bolthouse Farms Inc , Midvale Indemnity Company , Landmark American Insurance Company , Everest Indemnity Insurance Company , Specialty Insurance Company , Factory Mutual Insurance Company , Westport Insurance Company , Fm Insurance Company ,