Feature

Mondelez's $100M Fight With Zurich May Curb Hack Coverage

Law360 (January 18, 2019, 2:49 PM EST) -- Mondelez International Inc. is battling Zurich American Insurance Co. over coverage for $100 million in losses the snack food giant suffered in a 2017 cyberattack that the U.S. and its allies blamed on Russia, and experts say a ruling permitting the insurer to invoke a war exclusion to deny the claim could leave companies uninsured for similar hacks.

In a complaint filed in a Cook County, Illinois, court last October, Mondelez accused Zurich of improperly refusing to pay out under an "all-risks" property insurance policy for financial losses it suffered in the sweeping "NotPetya" cyberattack, which the CIA and sister agencies...

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