Insurers Pay to Avoid a Precedent Finding CGL Coverage for a Cyberbreach – the Zurich v. Sony Settlement
It was reported today that the widely-watched data breach case, Zurich American Ins. Co., et al v. Sony Corp. of America (N.Y. Sup. Ct. Feb. 21, 2014), has been settled before the New York appellate court could issue an opinion. …By: Nossaman LLP
Technology Companies: When a Product Complaint Arises, Will Your Insurance Cover the Claims?
– Sometimes, technology products contain flaws. – Purchasers may complain to the manufacturer about the flawed products, and some complaints become multi-million dollar liabilities. – After receiving such a claim, the manufacturer that…By: Nossaman LLP