Federal Judge Awards Insured $147,926 In Coverage Suit Over ‘Bad Actor’ Data Breach

Mealey's ( November 7, 2022, 12:59 PM EST) -- ST. PAUL, Minn. — A $147,926.21 judgment was entered in favor of a technical consulting and software development company insured on Nov. 4, one day after a federal judge in Minnesota granted its motion for summary judgment in its lawsuit seeking coverage under a technology professional insurance policy “Cyber Business Interruption and Extra Expense” clause for its losses arising from a data breach perpetuated by a “bad actor.”...