Further, litigation costs for insurance companies could also grow as policyholders might attempt to resolve denied cyber claims through litigation at an accelerated clip. (Credit: Oleksii/stock.adobe.com) Further, litigation costs for insurance companies could also grow as policyholders might attempt to resolve denied cyber claims through litigation at an accelerated clip. (Credit: Oleksii/stock.adobe.com)

Since the start of the Russian invasion of Ukraine, a surging wave of cyberattacks materialized, and DBRS Morningstar anticipates insurance companies in Europe and North America will see an uptick in claims and litigation costs as a result.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]