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ARTICLE · 24 AUGUST 2022

Cyberinsurance Exclusions For State-Backed Cyberattacks!

My good friend Judy Greenwald reported for BusinessInsurance.com that "Lloyd's of London will require standalone cyber policies to include state-backed cyberattack exclusions beginning in March 2023...

United StatesTechnology

My good friend Judy Greenwald reported for BusinessInsurance.com that "Lloyd's of London will require standalone cyber policies to include state-backed cyberattack exclusions beginning in March 2023, it said in a market bulletin this week." The August 18, 2022 article entitled "Lloyd's requiring state-backed cyberattack exclusions" included these comments from my friend Judy Shelby (partner with Kennedys Law LLP in New York):

..."the big takeaway" here is that "there's been a lot of focus over the last few months particularly with regard to cyber war, and the bulletin makes clear that the focus should be on state-backed attacks, whether in the context of war, or non-war situations."

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