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kitler53 said:
Galaki said:

source

...

Sony is attempting to gain coverage from their various insurers, including AIG, ACE Limited and Mitsui Insurance.  Zurich is fighting back, saying that their policy only covers “bodily injury, property damage or personal and advertising injury."  The current claims, according to Zurich, are in no way covered by the policy.

[Thanks Gamasutra]

I thought the insurers were specifically signed up for the PSN coverage? Weird.

they are insuring psn but think it  only convers bodily injury and property damage?!?  so psn is supposed to what ... burn my house down while i'm sleeping?

Sounds as if they are saying that the PSN was NOT covered.  Or specifically that the Sony Network Entertainment of America group, of which the PSN is a part of, was not covered.  Further they state that even if they WERE covered, thier policy was taken for Bodily Injury and Property damage, which obviously is not applicable in this case.