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Zurich Refuses to Pay Out for NotPetya ‘Act of War’

January 11, 2019 / Kacy Zurkus

Confectionary giant Mondelez is suing Zurich after the insurer refused to pay out over $100m on its insurance policy to cover losses incurred during the NotPetya ransomware campaign. The owner of Cadbury believes it is owed the money to pay for the permanent damage to 1700 of its servers and 24,000 laptops as well as unfulfilled orders and other disruption to its distribution operations, according to reports. It believes this falls under its policy’s provision to cover “all risks of physical loss or damage” to property, including “physical loss or damage to electronic data, programs, or software, including loss or damage caused by the malicious introduction of a machine code or instruction.” However, the insurance giant has claimed that an exclusion applies in this case because NotPetya falls under a “hostile or warlike action in time of peace or war” — meaning it doesn’t have to pay up. Led by the UK, the Five Eyes nations came tog...