Target sues insurer for up to $74 million in 2013 data breach costs

Kavita Kumar reports:

Target is suing its longtime insurance company for denying claims to reimburse Target for tens of millions of dollars it has paid out for new payment cards as part of settlements over the retailer’s 2013 data breach.

The lawsuit against ACE American Insurance Co., based in Pennsylvania and now part of the Chubb Corp., was filed Friday in U.S. District Court in Minnesota.

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