![]() & Co., the company won a case against carriers, arguing that its business insurance should cover costs. After the NotPetya malware attack in 2017 caused damages of around $1.4 billion to pharmaceutical giant ![]() Insurers have also been embroiled in lengthy legal battles over what they are expected to cover. “You’re leaving insurance buyers-but also just companies in general-exposed to risk that they have no other way to mitigate or transfer,” Ms. The move creates gaps that could prove dangerous for companies that use cloud services, she said. ![]() Some carriers, wary of the claims they could face if providers suffer a sustained outage due to a hack, have started to exclude or limit coverage for cloud companies, said Monica Shokrai, head of business risk and insurance for
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