Insurer Says Tech Services Firms Should Pay for Insured’s Ransomware Damages
Insurance Journal - Sep 19, 2025
ACE American Insurance Co. is suing to recover $500,000 it paid in ransomware damages for a staffing company, claiming cloud computing and cybersecurity firms contracted by its policyholder should instead be held responsible due to their alleged negligence. The insurer …...
Recommended Articles
Posted: Nov 07, 2025
The U.S. loses approximately $308.6 billion in insurance fraud, leading to each policyholder paying...
Posted: Nov 07, 2025
Fresh off its subsidiary’s purchase of a builder-linked homeowners’ insurance program, t...
Posted: Nov 07, 2025
An Auburn, Washington woman was convicted for fraud after receiving a lifetime pension following her...