War Exclusion Doesn't Bar Merck's $1.4B Cyber Loss

By Daphne Zhang (January 14, 2022, 8:38 PM EST) -- Property policies' war exclusions do not apply to cyberattacks, a New Jersey state court ruled, siding with pharma giant Merck & Co.'s stance that its insurers cannot assert the exclusion to avoid coverage of its more than $1.4 billion losses from a 2017 cyberattack....

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