NotPetya News
N.J. High Court to Hear Insurers’ Appeal Over War Exclusion in NotPetya Attack
The New Jersey Supreme Court has agreed to decide whether a hostile/warlike action exclusion in an all risks property insurance policy applies in a case involving insurance coverage for a 2017 ...
NJ Court Affirms Merck Ruling: War Exclusion Does Not Apply to Cyber Attack
The appellate division of New Jersey Superior Court has upheld a state trial court opinion that the war exclusion in drugmaker Merck & Co.'s all-risk property ...
Could Recent NotPetya Case Outcomes Pressure Insurers to Reword War Exclusions?
With recent news of multinational food and beverage company Mondelez International settling its lawsuit against its insurer Zurich American Insurance Company over the ...
Court Siding With Merck Over War Exclusion for Cyber Attack a Warning to Insurers
Last month the Superior Court of New Jersey ruled insurers cannot use a policy exclusion to avoid covering about $1.4 billion in damages Merck & Co. said it suffered from a spring 2017 cyber ...
Business Interruption Cyber Risks Demand More Insurer Attention: ITC Global Discussion
Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts argued recently. BI coverage has drawn heightened attention ...
Three Years After NotPetya, Cyber Lessons Continue for the Insurance Industry
This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in history. While cyber experts say cybersecurity and prevention strategies ...
Cyber Turned Inside-Out: Three Years After NotPetya
The NotPetya malware attack of June 2017 changed the future of cyber insurance and the way companies manage the risk. Initially believed to be a ransomware attack, NotPetya instead wiped data from ...
Business Interruption Worries Driving Cyber Insurance Acquisition Surge: Marsh
There's been a surge in the purchase of cyber insurance over the last few years as clients increasingly acquire it to confront business interruption risk, Marsh asserts in a new report. "As risk ...