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Appeals Court Says AIG Must Pay Retailer's Computer-Hacking Claim

A U.S. appeals court has rejected an insurers direct loss defense and ruled that a national retailer is entitled to recover nearly $7 million for a computer hacking claim.

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A U.S. appeals court has rejected an insurer’s “direct loss” defense and ruled that a national retailer is entitled to recover nearly $7 million for a computer hacking claim.

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