Lloyd’s to forbid insurers from covering losses due to state-backed hacks

Lloyd’s of London will require underwriters to exclude coverage for state-backed cyberattacks linked to war or catastrophic damages, the insurance marketplace announced last week, as the expanding industry continues to adapt to a changing cyber threat landscape.  The bulletin, which was released on August 16 and written by Lloyd’s Underwriting Director Tony Chaudhry, lays out […]

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