WebJan 19, 2024 · Merck & Co. ‘s victory in a legal dispute with insurers over coverage for $1.4 billion in losses from malware known as NotPetya is expected to force insurance policies to more clearly confront responsibility for the fallout from nation-state cyberattacks. The multinational pharmaceutical company sued its insurers who had denied coverage for … WebMar 27, 2024 · Cyber liability coverage limits typically range between $500,000 and $5 million per occurrence. The deductible is the amount of loss that your business is responsible for in the event of a cyberattack that is covered by your policy. Businesses should consult their brokers to determine which options are best for them.
Merck’s $1.4 Billion Insurance Win Splits Cyber From ‘Act of War’
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WebACE American Insurance Company 436 Walnut St. Philadelphia, PA 19106 Chubb Cyber Enterprise Risk Management Policy PF-48163 (10/17) Page 4 of 7 6. Desired Coverage … WebMay 16, 2024 · Cyber liability insurance protects your business from the cost of cyber threats or breaches involving computer systems and data. That can include sensitive customer information, such as credit... WebDec 6, 2024 · Insurance provider Hiscox surveyed 5,181 companies of varying sizes and sectors in eight countries for its 2024 Cyber Readiness Report and found that 64% had … thor lawn mower