Blogs10.15.21
Policyholders Hit With Ransomware Strike Insurance Coverage Oil in Indiana
Authors
In G&G Oil Co. of Indiana, Inc. v. Continental Western Insurance Co., --- N.E.3d ---, 2021 WL 1034982, 2021 Ind. LEXIS 182 (Ind. Mar. 18, 2021), the Indiana Supreme Court confirmed that “silent cyber” – the insurance industry’s term for circumstances when losses due to cyberattacks are covered by policies not marketed as “cyberinsurance” – extends to losses due to ransomware. This article provides an overview of the holding of G&G Oil and why it was decided correctly.
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