Viewpoint: Prudent or Not, an Insured’s Extra Expense Must Be Strictly ‘Necessary’
Insurance Journal - Dec 04, 2025
In a well-reasoned recent opinion, an Illinois appellate court strictly construed a cyber policy, ruling that reasonable—but contractually unnecessary—payments made by an insured following a cyberattack did not constitute insured “extra expense.” While the decision is designated as ̶...
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