By Adam Satariano and Nicole Perlroth, New York Times News Service Published 5:00 am CDT, Friday, April 19, 2019 The so-called NotPetya cyberattack in 2017 was a watershed moment for the insurance industry. Since then, insurers have been applying the “war exclusion” clause, which protects insurers from being saddled with costs related to damage from war, to avoid claims related to digital attacks. (Christina Chung/The New York Times) -- NO SALES; FOR EDITORIAL USE ONLY WITH NYT STORY CYBERATTACKS INSURANCE BY ADAM SATARIANO and NICOLE PERLROTH FOR APRIL 15, 2019. ALL OTHER USE PROHIBITED. -- less The so-called NotPetya cyberattack in 2017 was a watershed moment for the insurance industry. Since then, insurers have been applying the “war exclusion” clause, which protects insurers from being saddled ... more Photo: CHRISTINA CHUNG, STR / NYT … [Read more...] about Conflict arises between insurers, business over cyberattacks
Suing insurance company for denying claim
Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Log In Today’s Paper Technology | Big Companies Thought Insurance Covered a Cyberattack. They May Be Wrong. Advertisement Supported by ByAdam Satariano and Nicole Perlroth April 15, 2019 LONDON — Within days of a cyberattack, warehouses of the snack foods company Mondelez International filled with a backlog of Oreo cookies and Ritz crackers. Mondelez, owner of dozens of well-known food brands like Cadbury chocolate and Philadelphia cream cheese, was one of the hundreds of companies struck by the so-called NotPetya cyberstrike in 2017. Laptops froze suddenly as Mondelez employees worked at their desks. Email was unavailable, as was access to files on the corporate network. Logistics software that orchestrates deliveries and tracks invoices crashed. Even with teams working around the clock, it was weeks before Mondelez … [Read more...] about Big Companies Thought Insurance Covered a Cyberattack. They May Be Wrong.
By Patrick Danner Published 7:56 pm CST, Tuesday, January 8, 2019 State District Judge David Canales on Tuesday denied a motion for a new trial in the case that produced a record $706 million verdict. Amrock Inc., which lost the case to HouseCanary Inc., has said it would appeal if it wasn’t granted a new trial. Shown are subdivisions near Culebra Road outside Loop 1604 on the city’s expanding west side. less State District Judge David Canales on Tuesday denied a motion for a new trial in the case that produced a record $706 million verdict. Amrock Inc., which lost the case to HouseCanary Inc., has said it would ... more Photo: William Luther /Staff File Photo Photo: William Luther /Staff File Photo Image 1 of / 1 Caption Close Image 1 of 1 State District Judge … [Read more...] about Title company that lost record $706M Bexar verdict loses bid for new trial
Last March, Tony Schmidt discovered something unsettling about the machine that helps him breathe at night. Without his knowledge, it was spying on him. From his bedside, the device was tracking when he was using it and sending the information not just to his doctor, but to the maker of the machine, to the medical supply company that provided it and to his health insurer. Schmidt, an information technology specialist from Carrollton, Texas, was shocked. “I had no idea they were sending my information across the wire.” Schmidt, 59, has sleep apnea, a disorder that causes worrisome breaks in his breathing at night. Like millions of people, he relies on a continuous positive airway pressure, or CPAP, machine that streams warm air into his nose while he sleeps, keeping his airway open. Without it, Schmidt would wake up hundreds of times a night; then, during the day, he’d nod off at work, sometimes while driving and even as he sat on the toilet. “I couldn’t … [Read more...] about You snooze, you lose: Insurers make the old adage literally true
Further ReadingEx-SolarCity employees: We were fired after reporting millions in fake salesIn July 2018, Andrew Staples and two other former employees at the Tesla-owned SolarCity, sued the solar power company, alleging age discrimination, sexual harassment, and anti-LGBT slurs. The charges were dramatic—and Staples is seeking serious compensation. (The case was moved to private arbitration in late August.) An Ars investigation revealed that Staples has been involved in numerous lawsuits. In addition, his former company and his long-faded non-profit collectively owe more than $660,000 across 13 outstanding wage claims filed in California by people who used to work for him. One of Staples' accusers is Margie Palmer, who worked for Staples' non-profit in 2011. She told Ars she was only paid a couple of times during her employment. In 2012, she won a wage claim and a civil judgement against the foundation for $9,309.09—but she hasn't collected on that judgment … [Read more...] about The ex-SolarCity employee who sued Tesla has quite a litigious past