Applying existing concepts of property damage to the surficially less concrete forms of property will continue to present challenges for courts, insurers, and their counsel. Captive insurers, as well as other insurers, will want to monitor closely the developing coverage law relating to e-commerce. Their practice is devoted to representing the insurance industry. 2 See, e.g., Miller's Standard Insurance Policies Annotated , Vol. 4 A file consists of data or instructions to the computer s magnetic energy made up of an arrangement of positive and negative charges.
Corruption occurs when the charges are rearranged or deleted entirely.
If so, data or instructions may be lost either permanently or until protracted recovery measures can be completed. The court also found the policy s requirement that only tangible property is covered ambiguous.