The most significant coverage issue facing the fidelity industry today is the scope of causation. Whether a court applies a “direct means direct” or a tort-based proximate cause.
In G&G Oil Co. of Indiana, Inc. v. Continental Western Insurance Co., the Indiana Supreme Court confirmed that silent cyber; insurance industry’s term for circumstances when losses due to cyberattacks are covered by policies not marketed as cyberinsurance – extends to losses due to ransomware.
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