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Ohio Supreme Court Overturns Lower Court Ruling on Ransomware and Insurance

Ohio’s state Supreme Court has ruled that ransomware is not physical damage and is therefore not covered under a property insurance policy held by EMOI, an Ohio medical billing company. The court overturned a lower court ruling, finding in favor of Owners Insurance Company. Note Fully understand your cyber insurance limitations, including scheduling regular reviews …

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Insurance Companies Could Seek Third-Party Verification of Customers Self-Attestations

Travelers Property Casualty Company of America took a customer to court after learning that the company, International Control Services, Inc. (ICS), provided false information on its policy application. Specifically, ICS claimed to have implemented multi-factor authentication (MFA), but when they filed a claim following a ransomware attack, forensic investigators found that ICS had not implemented …

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Report: American Family Insurance: ICT Spending Profile-Technologies Deployed For Efficient Processes

American Family Insurance: ICT Spending Profile, a Technology Profile report by GlobalData, is one among the many offerings in Digital Industry product line up, which provides an executive-level overview of the information & communications technology budget of the profiled company. The report also presents a summary of business operations, company positioning, key performance indicators, and …

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