Coverage for Ransomware Losses Under Property Policies

Ransomware attacks can saddle a policyholder with significant costs and expenses, including business interruption costs, ransom payments, and computer hardware and software replacement costs. While a cyber policy is the most obvious source of coverage, policyholders might also find coverage under a traditional property policy, as a recent federal court decision finds. Ward Greenberg partner David Knapp published an article as an Expert Commentator for the International Risk Management Institute, Inc. (IRMI) Courts and Coverage section addressing coverage for ransomware losses under property policies here.

David Knapp