London’s Nation-State Attack Exclusion: Game Changer For The Cyber Insurance Market or An Opportunity For Competition Within the Market?

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Lloyd’s of London’s new requirement that all insurers issuing standalone cyber coverage exclude liability for any state backed cyber-attacks could present a systemic risk to the insurance market, raising questions of coverage in the event of a catastrophic event such as a cyber-attack between Russia and the U.S. Lynda A. Bennett, and her guest David Anderson CIPP/US, Partner explore options for obtaining coverage in the U.S. without such restrictive war exclusions, as well as ways to assess risk and work with underwriters on See more +
Lloyd’s of London’s new requirement that all insurers issuing standalone cyber coverage exclude liability for any state backed cyber-attacks could present a systemic risk to the insurance market, raising questions of coverage in the event of a catastrophic event such as a cyber-attack between Russia and the U.S. Lynda A. Bennett, and her guest David Anderson CIPP/US, Partner explore options for obtaining coverage in the U.S. without such restrictive war exclusions, as well as ways to assess risk and work with underwriters on appropriate language to increase chances of coverage in case disaster strikes.

Speakers:

Lynda A. Bennett, Partner and Chair, Insurance Recovery

David Anderson CIPP/US, Partner, US Head of Cyber at McGill and Partners

Subscribe to Lowenstein Sandler’s Insurance Recovery Podcast: Don’t Take No for an Answer via Apple Podcasts/iTunes, Google Podcasts, Pandora, SoundCloud, Spotify, and YouTube. See less -

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