Where Does Sony Settlement Leave CGL Insurance for Data Breaches?
What does your CGL policy mean by “publication in any manner?”
Jana Landon reports:
It was reported recently that the parties in the closely watched data breach case of Zurich American Insurance v. Sony Corp. of America (N.Y. Sup. Ct. Feb. 21, 2014) settled while Sony’s appeal of an unfavorable trial court opinion was pending. That opinion found that no coverage was available to Sony for a massive data breach under its commercial general liability (CGL) policy. This settlement leaves open questions regarding claims by insureds regarding data hacks in existing data breach cases, especially in light of recent changes to the CGL forms.
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