Guest Post: War Exclusions and Cyber Attacks

Bill Boeck In June 2017, the food company Mondelez International was one of the companies hit by the major global computer malware attack dubbed NotPetya. According to news reports, the malware caused damage to the company’s network servers and computers in excess of $100 million. Various sources have attributed the malware attack to the Russian military. Mondelez submitted its losses to its property insurer, which denied coverage in reliance on the policy’s war exclusion. Mondelez and its insurer are now in coverage litigation. In the following guest post, Bill Boeck takes a look at the litigation and its implications. Bill is currently Senior Vice President and Insurance and Claims Counsel with the Lockton Companies.  He is Lockton’s global leader for cyber claims and for the development of proprietary cyber wordings and endorsements.  Bill also leads Lockton’s US financial lines claims practice. A version of this article previously was…

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