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Insurance

Apr. 21, 2000

Staying Afloat

Practitioner: Insurance Law By Michael L. Donovan and Andrew W. Miller Companies and governments spent hundreds of billions of dollars to correct computer systems in the face of predicted disruptions as a result of the millennium bug. Some - notably Xerox, GTE and Nike - are looking to first-party insurance to pay these costs. These corporations have filed suit against their insurers, asserting claims for hundreds of millions of dollars.

By Michael L. Donovan and Andrew W. Miller
         Companies and governments spent hundreds of billions of dollars to correct computer systems in the face of predicted disruptions as a result of the millennium bug. Some - notably Xerox, GTE and Nike - are looking to first-party insurance to pay these costs. These corporations have filed suit against their insurers, asserting claims ...

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