Insurance industry campaign to increase cyber coverage overshadowed by discussion of ransomware

An insurance industry paper aiming to get the facts straight in response to media reports – and policymakers’ concerns – that cyber insurance may contribute to the growth in ransomware attacks also takes care to reassure the market: claims are paid.

“What do the critics get right? Just one important point: Cyber insurance pays claims,” Matthew McCabe, senior vice president and assistant general counsel for cyber policy at global insurance firm Marsh, wrote in the new report.

The insurance...