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AXA ends ransomware payment coverage in France
By Heather A. TurnerIn a purported industry first, the French insurer will no longer reimburse clients for extortion payments made to cybercriminals.
News and information for property & casualty insurance agents & brokers on coverage and policy issues, including policy analysis related to whether a client’s loss is covered. Coverage questions are answered as to who is liable in the event of a loss, in order to most effectively serve the client when a claim is filed.
In a purported industry first, the French insurer will no longer reimburse clients for extortion payments made to cybercriminals.