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Lloyd’s cyber war exclusion rules spark pushback

Posted On: Apr. 3, 2023 9:51 AM CST


A requirement by Lloyd’s of London that standalone cyber insurance policies must include exclusions for state-backed cyberattacks starting this month April, has received some industry push-back, with critics claiming that the move risks putting off companies buying the insurance at all, Financial Times reported. The move also carries some risks as businesses may prefer to purchase policies from competitors.