NU Online News Service, June 5, 11:03 a.m. EDT

Insurance broker Marsh has launched a cyber-insurance-policy enhancement to deal with losses stemming from a failure of a cloud-service provider.

The New York-based insurance broker, and subsidiary of Marsh & McLennan Co., announced yesterday that it has launched CloudProtect, which Marsh says acts as an enhancement to an insured's cyber policy to address a company's reliance on vendors across the entire spectrum of operations.

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