X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Superior Court of New Jersey, Law Division, recently held that a malware attack incident was not an act of war as excluded by the traditional war exclusions in the applicable property policies. The case is Merck & Co. Inc. vs. Ace American Insurance Co. et al, N.J. Super. Ct., No. L-002682-18, summary judgment 1/13/22.

Pharmaceutical giant Merck & Co. sued insurers over coverage for $1.4 billion losses from malware known as NotPetya in a cyber-attack occurring in 2017. Merck sued its insurers after they denied coverage for NotPetya’s impacts to the pharma company’s computer systems, citing the “acts of war” exclusion in the property policies. The malware attack was attributed to Russia’s military intelligence agency, deployed as part of a conflict with Ukraine.

This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

Hannah Smith JD

 

Get Answers Directly From the FC&S Experts

Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.

Question of the Week

Insurance Coverage Q&A: Coverage Extensions and Deductibles ›

Does the deductible apply to coverage extensions?

Question of the Week Archive ›

Copyright © 2022 ALM Global, LLC. All Rights Reserved.