New Jersey High Court to Hear Insurers’ Appeal Over War Exclusion in NotPetya Attack July 26, 2023 By Andrew G. Simpson The New Jersey Supreme Court has agreed to decide whether a hostile/warlike action exclusion in an all risks property insurance...
New Jersey Appeals Court Affirms War Exclusion Does Not Apply to Cyber Attack May 2, 2023 By Andrew G. Simpson The appellate division of New Jersey Superior Court has upheld a state trial court opinion that the war exclusion in...
Cyber Protection as Important as Missile Defense Systems: Retired NATO General November 23, 2022 By Sabine Siebold A cyber attack on the German ports of Bremerhaven or Hamburg would severely impede NATO efforts to send military reinforcements...
Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack February 9, 2022 By John O'Donnell and Huw Jones FRANKFURT/LONDON – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount,...
Court Siding With Merck Over War Exclusion for Cyber Attack a Warning to Insurers February 4, 2022 By Chad Hemenway Last month the Superior Court of New Jersey ruled insurers cannot use a policy exclusion to avoid covering about $1.4...
Cyber Lessons for the Insurance Industry Continue Three Years After NotPetya August 12, 2020 By Elizabeth Blosfield This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in...
Was It an Act of War? That’s Merck Cyber Attack’s $1.3 Billion Insurance Question. December 3, 2019 By Riley Griffin, Katherine Chiglinsky and David Voreacos, Bloomberg By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a...
Cyber Business Interruption Remains Area of Uncertainty for Insurance June 12, 2018 By Elizabeth Blosfield Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what...
More Clients Want Cyber Cover with BI, Supply Chain Protection: Beazley, Munich Re October 17, 2017 Beazley and Munich Re, through their Vector partnership, have reported strong demand for “holistic cover” to protect against cyber attacks...
Banks Seek More Insurance Protection Against Cyber Attacks, Rogue Traders August 30, 2017 By Carolyn Cohn Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and...