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by robterrin 2616 days ago
The articles going around about insurers not paying cyber claims that cite Mondelez are disingenuous. The Mondelez policy was a property & casualty (P&C) policy with an extension for some data property, not a separate cyber insurance policy. It's quite possible that insurers would balk at the claim considering it an act of war, but they haven't done it yet. In my opinion, this case is more about the wrong type of coverage. Mondelez should have purchased a stand alone policy.