Insurers Beat $6M IBM Breach Coverage In Conn. Appeal

Law360, New York (January 14, 2014, 4:10 PM EST) -- In a decision published Tuesday, a Connecticut appeals court nixed insurance coverage for more than $6 million in losses tied to a highway mishap in 2007 that exposed the sensitive information of 500,000 IBM Corp. employees.

Like the trial court, the appeals court sided with Federal Insurance Co. and Scottsdale Insurance Co. in a coverage dispute that arose after a cart that held computer tapes tumbled out of the back of a transportation contractor's van near a highway exit ramp. The tapes contained Social Security numbers,...
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