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Lloyd's syndicates told to clarify cyber coverage in policies

Posted On: Jul. 5, 2019 5:58 AM CST

Cyber insurance

Lloyd's of London has called on all syndicates to clearly state whether insurance policies will cover cyber attack-related losses, starting 2020, Reuters reported. The marketplace said that the requirement will come into effect for liability and treaty reinsurance policies in two phases during 2020 and 2021.

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