Like most insurance policies, these have exclusions for acts of war. The aim is to protect insurers from claims tied to cyberattacks by governments, their militaries or groups that work for them.
But a judge in New Jersey poked a hole in that exclusion last year in a ruling that essentially said a common acts-of-war exclusion doesn’t cover cyberattacks. Now, insurers are exploring ways to toughen up that language in future contracts, amid concerns that they could get hit by cyberattack claims under existing policies stemming from Russia’s invasion.
Source: Ukraine War Has Insurers Worried About Cyber Policies – WSJ