War Exclusion Developments in Cyber Insurance Policies

Latham & Watkins LLP

Policyholders have options when it comes to war exclusions in cyber insurance policies, a focus area for insurers following recent cyberattacks.

Key Points:

..Insurers have asserted that war exclusions may preclude losses arising from cybersecurity incidents outside the United States that result in a major detrimental impact to operations in the United States.

..Certain London Market insurers have promulgated recent guidance and revised model war exclusion clauses that they contend narrow coverage, which will be required in their cyber policies moving forward.

..Policyholders may be able to negotiate the terms of the war exclusion, place coverage with cyber insurers that are not modifying the language of the standard war exclusion, or find alternative insurance products with more favorable terms.

Please see full Alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Latham & Watkins LLP | Attorney Advertising

Written by:

Latham & Watkins LLP

Latham & Watkins LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide