Legacy Insurance has problems.

Caute_cautim — Mon, 09 Oct 2023 10:05:18 GMT

Hi All

Interesting case for Merck subjected to the NoPetya attacks against the insurance company using legacy insurance policies: Has your organisation checked their own?

"“The NJ Superior Court decision (in favor of Merck) reinforces that legacy insurance has a serious problem: responding to cyber events with non-cyber policies that fail to take the nuances of cyber risk into account results in unnecessary damages,” Catherine Lyle, Head of Claims at Coalition, told The Record in an email earlier this week."

https://therecord.media/merck-wins-cyber-insurance-lawsuit-related-to-notpetya-attack/?utm_campaign=cyber-daily&utm_medium=email&_hsmi=201659412&_hsenc=p2ANqtz--wGzKHqkh1tsSBjJg3lJxN77bPPUj6Ba_86gf-iU2P7RhwHpQ84MBtjW_CLS103JgseEWEEdku5J2cPMPHGJQLuTjJ4w&utm_content=201659412&utm_source=hs_email#946eaf23f7a8f9d446318a11a1b1b93ec7d867aeb3bfd74c4a0aba0291b836ae

Regards

Caute_Cautim

topic Legacy Insurance has problems. in Industry News

Legacy Insurance has problems.