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Insurers run from ransomware cover as losses mount

By Carolyn Cohn

Nov 22 2021 6:43AM

Halve the amount of cyber cover they provide.

Insurers run from ransomware cover as losses mount

Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased demand, major European and US insurers and syndicates operating in the Lloyd's of ...

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