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Mealeys

Mealey's Insurance - Coverage Triggered For Damage To Computer System Caused By Ransomware Attack

BALTIMORE - A federal judge in Maryland on Jan. 23 held that an insured's data and software constituted covered property under its business owners insurance policy and that the insured established damage to its computer system "despite its residual ability to function," granting the insured's motion for summary judgment in its lawsuit seeking coverage for its loss arising from a ransomware attack (National Ink and Stitch LLC v. State Auto Property and Casualty Insurance Company, No. 18-2138, D. Md., 2020 U.S. Dist. LEXIS 11411).
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