Chris Jones
IUA publishes Cyber Exclusion Clauses
Two new London Market model clauses to help underwriters manage cyber losses have been published by the International Underwriting Association (IUA). The wordings have been developed in order to address issues of non-affirmative or ‘silent’ cover, where traditional insurance policies may unintentionally suggest protection for undefined cyber risks.
Firstly, a Cyber Loss Absolute Exclusion Clause (reference: IUA 09-081) provides market participants...
http://www.allaboutshipping.co.uk/2019/06/05/iua-publishes-cyber-exclusion-clauses/