Sony's Insurance in Danger over PlayStation Hack
One of its insurers wants to pull out.
Although gamers may now be 'over' the PSN hack given that games, movies and music are now available again, Sony still has ongoing headaches. One of these concerns on of its insurers.
According to Reuters, "One of Sony Corp's insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this year."
The insurer in question is no small fish either, "Zurich American Insurance Co asked a New York state court in documents filed late on Wednesday to rule it does not have to defend or indemnify Sony against any claims 'asserted in the class-action lawsuits, miscellaneous claims, or potential future actions instituted by any state attorney general'", says the Reuters piece.
Sony has not responded.
Source: Reuters
According to Reuters, "One of Sony Corp's insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this year."
The insurer in question is no small fish either, "Zurich American Insurance Co asked a New York state court in documents filed late on Wednesday to rule it does not have to defend or indemnify Sony against any claims 'asserted in the class-action lawsuits, miscellaneous claims, or potential future actions instituted by any state attorney general'", says the Reuters piece.
Sony has not responded.
Source: Reuters
Companies:
SCEA
Read More Like This
Comments
ajmetz 25 Jul 2011 11:38
1/1
concerns *one* of its insurers, not concerns *on* of its insurers - typo, =S.
That said, I guess it's good if everyone knows where they stand.
I wonder what the original terms and conditions of the insurance policy were?
That said, I guess it's good if everyone knows where they stand.
I wonder what the original terms and conditions of the insurance policy were?