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Insurers don't want to pay Sony for Playstation hack

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Zurich American Insurance, the company that promised to insure Sony should it ever encounter any loss or damages have reportedly said they want immunity from responsibility for the Playstation Network hack scandal.

The insurance company is actively looking to the courts for a ruling that will make it official that it does not have to pay anything to Sony.  They lost billions of dollars earlier in the year when hackers forced Sony headquarters to shut down the Playstation Network, the online system that allows gamers to access a network via their console.

Details about Sony's insurance policy underwritten by Zurich are not clear, but the insurer is adamant that the terms and conditions of the policy do not cover Sony for the type of issue that occurred with the Playstation Network.

Zurich has reportedly said that there are certain clauses in the insurance policy which could possibly prevent payment for the incident. Rumours are abound that the clause refers to Zurich not being responsible for issues that Sony itself caused by not taking due care and diligence with security surrounding it’s company.

Sony has already filed a claim with Zurich for compensation, but reports indicate that the case will only be added to the list of court dates that Sony already faces. Sony is already facing 55 lawsuits for the Playstation Network hack.

Sony Network Entertainment recently angered users of the Playstation Network when president of the company, Tim Schaaff, was quoted as saying the whole thing was a "great experience."

The breach earlier in the year led to the theft of 77 million users data, with Sony advising that an ‘unauthorised person’ carried out an attack against servers, which saw usernames, passwords, credit card details, purchase history and addresses stolen.  

Publishers were unable to release their games on the Playstation Store earlier in the year, which meant multi-platform retail publishers saw PS3 sales plummet. Users were unable to play games online, one of the main selling points of the Playstation console, and millions of users were watching their credit card statements in fear of fraudulent activity.

The hack and resulting lawsuits has gone down in the annals of gaming history as one of the biggest dark holes of this generation.

By Ben Malkin

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