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Terrorism reinsurer will not cover cyber attacks

Posted On: Jun. 20, 2019 6:14 AM CST

Terrorism reinsurer Australian Reinsurance Pool Corp. will not cover cyber attacks after a review of the country's Terrorism Insurance Act by the National Audit Office, ITNews.com.au reported. The audit agency said that a clear and evident cyber terrorism-related market failure from physical property damage has yet to occur.

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