Cyber Insurance Exclusions: What War?

On April 15th, 2021, the Washington Foreign Law Society, in conjunction with the Stimson Center, hosted the second instalment of its series on “Cyber Accountability – Who did it? Is it wrong? Can they be stopped?”. The conversation featured Mr. Jon Bateman (Carnegie Endowment) and Mr. Matthew McCabe (Marsh), and was moderated by Ms. Debra Decker (Stimson Center).

The topic of the day was cyber insurance exclusions, and conversely options available for businesses to shield themselves from state-sponsored cyberattacks. Mr. Bateman and Mr. McCabe discussed recent cases of cyber incidents affecting industry players, highlighting how some of them have led to unfulfilled insurance claims as a result of the assimilation of cyberattacks under contractual clauses excluding coverage in the event of war or terrorist activity.

Below is a list of references mentioned by our speakers during the session:

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The Washington Foreign Law Society wishes to thank Mr. Bateman and Mr. McCabe for sharing their expertise and Ms. Decker for moderating the discussion. Stay tuned for more events of our Cyber Accountability series!

Posted April 15, 2021 in: General News