Target has filed a lawsuit against its long-time insurer, ACE American Insurance Co., in an attempt to recoup money it spent to replace payment cards as part of settlements over the retailers massive 2013 data breach. The company had been negotiating with ACE for a year over this issue before deciding to file the lawsuit in federal court earlier this month. “ACE has refused to acknowledge coverage for the payment card claims and has further disregarded its contractual obligation to indemnify Target for the settlement payments,” the Target spokesperson says.”]
Source: https://www.careersinfosecurity.com/target-sues-insurer-over-2013-data-breach-costs-a-13435