ZURICH ASSERTS WAR EXCLUSION IN REJECTING CYBER INSURANCE CLAIM.

• Position: Zurich American Insurance Company - Brief article

Mondelez International has filed suit against Zurich American Insurance Company, which recently invoked a war exclusion to deny a claim for damages resulting from the 2017 NotPetya malware attack. The snack food giant, which owns Nabisco and Cadbury, suffered damages that have been estimated at $188 million. While it masqueraded as ransom-ware, authorities now agree that NotPetya was an attack by Russian operatives targeting infrastructure in Ukraine as part of their ongoing conflict, but there has been no official declaration of war or act of terrorism. NotPetya wreaked havoc worldwide...