Insurer Denies Fault in BitPay Security Breach Lawsuit"An insurance company sued by industry startup BitPay following a claim dispute has fired back, denying the bitcoin payment processor's allegations in a new court filing."
"BitPay originally filed suit against Massachusetts Bay Insurance Co (MBIC) months after it lost 5,000 BTC (then valued at roughly $1.8m) following a phishing attack. The company later alleged breach of contract and bad faith in a suit filed against MBIC."
http://www.coindesk.com/insurer-lawsuit-bitpay-security-breach/
