Last July, we told you about a Court of Appeals decision dealing with whether a CGL policy covered a cyberware attack. That court held that there was no coverage. But the Indiana Supreme Court granted transfer and decided that there are issues of fact that must first be resolved.
G&G Oil bought a CGL policy from Continental. Among other things, that policy covered “commercial crime,” which was defined as a loss “resulting directly from the use of any computer to fraudulently cause a transfer of that property.” A ransomware attack locked G&G Oil out of its computer system in November 2017. G&G Oil paid the ransom, and it regained access to its computers.
G&G Oil bought a CGL policy from Continental. Among other things, that policy covered “commercial crime,” which was defined as a loss “resulting directly from the use of any computer to fraudulently cause a transfer of that property.” A ransomware attack locked G&G Oil out of its computer system in November 2017. G&G Oil paid the ransom, and it regained access to its computers.