war exclusion News

Cyber Insurers Face Hefty Ukraine War-Related Claims, Despite Fine Print

LONDON –– Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. Following the Feb. 24 attack on Ukraine and …

N.J. Court: Insurer Cannot Cite War Exclusion to Deny Coverage for NotPetya Attack

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 attack known as NotPetya. The court …

9th Circuit: Policy’s War Exclusion Doesn’t Apply to Attacks by Hamas

Missiles fired by Hamas from the Gaza Strip into Israel did not constitute an act of war that triggered an exclusion to a blanket insurance policy issued to Universal Cable Productions by Atlantic Specialty Insurance, the 9th Circuit Court of …