Cybersecurity
Zurich American Objects to Defending Sony in Hacking Lawsuits
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Zurich American Insurance Co. claims in a lawsuit it isn’t obliged to defend Sony Corp.’s U.S. unit against lawsuits and possible probes related to hacking of Sony’s PlayStation Network.
Sony has demanded that Zurich American and Zurich Insurance Co. Ltd., both units of Switzerland-based Zurich Financial Services AG, “defend and potentially indemnify them” from class-action lawsuits, miscellaneous claims and possible probes by state attorneys general over the hacking.