Sony insurer isn’t responsible for the PSN hack scandal
A company, which promised giving insurance to Sony if it got various losses or damages, said that it wanted immunity from responsibility for the PSN hack scandal. When hackers pushed the company to shut down the PlayStation Network earlier this year, Zurich American Insurance was proactively searching a court ruling that would make it official that it did not have to pay anything to Sony for the billions of dollars it lost.
That caused of details about Sony’s insurance policy, which was underwritten by Zurich, were not clear, but the insurer clearly felt the terms did not cover Sony for the type of issue that occurred with the PSN. In addition, there were clauses in the insurance contract, which would avoid payment for the ordeal. Sony had already filed for compensation from Zurich but it looked like this case would only add to the list of court dates for the company’s lawyers. However, Sony had already faced 55 lawsuits related to the PSN incident.
Multi-platform retail publishers looked PS3 sales plummet when publishers were unable to issue their games on the PlayStation Store earlier this year because no one could play them online. Therefore, millions of users sat back, bored, and they said to watch their credit card statements for fraudulent activity. It would go down in the annals of gaming history as one of the biggest dark holes of this generation.
