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“The move to limit systemic risk in the insurance market, announced last month and applicable to standalone cyber policies from the end of March, prompted warnings it would lead to…
Read More “Lloyd’s Defends Exclusions for State-Backed Cyber Attacks ” »
“As of March 31, when coverage begins or is renewed, syndicates must exclude state-backed cyberattacks from policies that protect against physical and digital damage caused by hacks, Underwriting Director Tony…
“The company explained it will no longer cover losses resulting from ‘cyber-war,’ which it defined as a cyber-operation carried out as part of a war, any retaliatory attacks between specified…
Read More “Lloyd’s Won’t Cover Losses from State-Sponsored Cyber Attacks ” »