A French national flag and a flag displaying the AXA SA logo fly outside the insurance company's headquarters in Paris, France, on March 6, 2018. (Photo: Christophe Morin/Bloomberg)

French insurer AXA announced on May 6 that it has stopped writing cyber insurance policies with reimbursement coverage for ransomware extortion payments made to cybercriminals, the Associated Press reported.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

Coverage & Policy Issues
E&S/Specialty Lines
E&S/Specialty
Cybersecurity