CORRECTION: Great American Hit With $10M Claim Over Computer Fraud

Law360, New York (July 29, 2015, 8:35 PM EDT) -- A provider of prepaid cards and payment networks on Wednesday hit Great American Insurance Co. with claims in Georgia federal court that it wrongfully denied coverage for a cyberattack on its systems that resulted in more than $11 million in losses.

InComm Holdings Inc. said that its crime protection policy with Great American provides coverage for computer fraud, but that the insurer has refused to pay the $10 million limit under the policy. The company said in its complaint that it discovered that hackers had manipulated its system that processes one of its card reloading networks and made off with more...

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