Chubb is taking steps to provide greater clarity to you that the insurance terms and conditions offered with your card are not intended to cover cyber risk. Chubb is amending the terms and conditions of your benefit guides to clarify this language.
Losses caused by or resulting from a Cyber Incident are not covered under the following benefit:
What is a Cyber Incident?
A Cyber Incident means any of the following acts:
(a) unauthorized access to or use of Your Digital Data or an Eligible Wireless Cellular Telephone, Rental Vehicle, or Covered Purchase;
(b) alteration, corruption, damage, reduction in functionality, manipulation, misappropriation, theft, deletion, erasure, loss of use or destruction of Your Digital Data or an Eligible Wireless Cellular Telephone, Rental Vehicle, or Covered Purchase;
(c) transmission or introduction of a computer virus or harmful code, including ransomware, into or directed against Your Digital Data or an Eligible Wireless Cellular Telephone, Rental Vehicle, or Covered Purchase;
(d) restriction or inhibition of access to or directed against Your Digital Data or an Eligible Wireless Cellular Telephone, Rental Vehicle, or Covered Purchase;
(e) computer errors, including human operating error or omission; power failure, surge, or diminution of electronic systems; or mistakes in legitimate electronic code or damage from code installed on an Eligible Wireless Cellular Telephone, Rental Vehicle, or Covered Purchase during the manufacturing process, upgrade process, or normal maintenance.
What is Your Digital Data?
Digital Data means information, concepts, knowledge, facts, images, sounds, instructions, or Computer Programs stored as or on, created or used on, or transmitted to or from computer software (including systems and applications software), on hard or floppy disks, CD-ROMs, tapes, drives, cells, data processing devices or any other repositories of computer software which are used with electronically controlled equipment. Digital Data shall include the capacity of an Eligible Wireless Cellular Telephone, Rental Vehicle, or Covered Purchase to store information, process information, and transmit information over the Internet. ““Computer Programs” means a set of related electronic instructions which direct the operations and functions of a computer or device connected to it, which enable the computer or device to receive, process, store, retrieve or send data.
This updated language will also be made available to you in the next regular mailing of terms and conditions from your financial institution.
Should you have any questions regarding the benefit and/or coverages, please refer to the Guide to Benefits provided to you by your Financial Institution issuing your card.
Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com. Insurance provided by Indemnity Insurance Company of North America and its U.S. based Chubb underwriting company affiliates. All products may not be available in all states. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued. Surplus lines insurance sold only through licensed surplus lines producers. Chubb, 202 Hall's Mill Road, Whitehouse Station, NJ 08889-1600.