March 08, 2018
A bankrupt IT consultancy can't use insurance policies with two Chubb units to pay for a suit over a "worthless" software system it built for the Hawaii Department of Transportation, a Colorado federal court has ruled, finding that the underlying suit's allegations are strictly digital and therefore not "property damage."
April 21, 2017
Bankrupt IT consultancy Ciber Inc. and two Chubb units traded barbs in Colorado federal court Thursday after the insurers refused to defend Ciber in a suit alleging it charged the Hawaii DOT $14 million for a worthless software system, with Chubb calling the suit's allegations strictly digital and therefore not "property damage."