Loss Of Data Seen As Hot Property Issue

Are the business interruptions that result from viruses, denial-of-service attacks, and other computer outages covered under standard property policies?

Buoyed by victories in insurance coverage lawsuits relating to Y2K claims, defense lawyers at a recent conference supported potential first-party coverage denials for such claims by advancing the same arguments they used to prepare for the Y2K cases.

But even as they delivered the arguments, the lawyers readily admitted that the only truly applicable court ruling to address the question came down on the side of policyholders. They also acknowledged that the pre-Y2K denial-of-coverage arguments theyre dusting off for new uses werent actually needed to win the few Y2K cases that have been decided (on issues like late notice).

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