Ransomware sublimit doesn't apply to cyber claim: Court

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Court Rules on Cyber Insurance Coverage for CiCi Enterprises' Ransomware Attack The Northern District of Texas ruled that HSB Specialty Insurance Company cannot limit CiCi Enterprises' recovery to $250,000 for a ransomware attack due to unclear policy language. The court determined that the Ransomware Event Sublimit Endorsement was not adequately drafted to restrict coverage. This decision is significant for policyholders in the cyber insurance sector. 4 sources 37