28
February
Cyber – Business Interruption Claims
Cyber is critical and must be covered off with clients since it is now an established exposure. Gary Gribbin, IBNA Limited Chairman has listed below the Cyber matters that they’ve paid last year. There were a similar amount prior year and some higher claims the year before and they have a $500k matter in the pipe at the moment.
Brief description
Approx Paid
Insured suffered multiple cyber-attacks. Potential BI loss. Crawfords assisting Insured.
0.00
Insured suffered a crypto-locker attack leading to a significant impact upon the business.
35,000.00
On 15 June

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