Cyberattacks as Acts of War: Insurance Companies Forced to Rethink Their Policies

The rise of cyberattacks has led to a significant increase in the demand for cyber insurance policies. However, the insurance industry is struggling to keep pace with the ever-evolving threat landscape, which has resulted in a new challenge: insurers are attempting to use the “act of war” doctrine to refuse to pay claims of insured when the attacks that give rise to the claims are perpetrated by state actors or by other belligerents….
By: Kohrman Jackson & Krantz LLP