Falling cryptocurrencies (bitcoins, dogecoins, shiba coins, binance coins and other) Credit: Igor Faun/Shutterstock.com Should Homeowners Insurance Cover Stolen Cryptocurrency?
This suit was surfaced by Law.com Radar. Read the complaint here.
March 15, 2022 at 09:38 PM
1 minute read
Insurance Litigation
Homesite Insurance Agency Inc., American Family Insurance Group and Geico were slapped with an insurance coverage lawsuit Tuesday in Minnesota District Court over stolen cryptocurrency tokens valuing over $750,000. The lawsuit was filed by Madia Newville LLC on behalf of Evan Rosenberg and Shira Rosenberg, who allege their homeowners insurance policy should cover the hacked crypto wallets. Counsel have not yet appeared for the defendants. The case is 0:22-cv-00691, Rosenberg et al v. Homesite Insurance Agency, Inc. et al.
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