A foreign country launches a physical attack by air, sea and land against a large American city, resulting in extraordinary property destruction and the loss of untold lives. Is this war? You bet.
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Across the globe, there is no statutorily agreed upon definition of cyber war.
If a cyber attack were considered war, insurers would be on pretty firm legal ground to exclude insured losses resulting from the event.
The world’s inability to come to consensus puts brokers in a very uncomfortable position.
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