Insurer Owes No Coverage For Ransomware Attack, Ohio High Court Rules In Reversal

Mealey's (January 4, 2023, 5:28 PM EST) -- COLUMBUS, Ohio — The Ohio Supreme Court held that a businessowners insurer owes no coverage for a medial billing company insured’s loss caused by a ransomware attack because the attack caused no “direct physical loss of or damage to” the insured’s software, reversing an appeals court’s ruling and reinstating a trial court’s grant of summary judgment in favor of the insurer in the insured’s claims for breach of contract and bad faith....