On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an updated advisory on potential sanctions risks for companies that facilitate ransomware payments in response to cyberattacks, guidance on preventative measures companies can implement to mitigate such risks, and criteria that OFAC will consider as mitigating factors in
Business Interruption Claims: Specific Issues for Insurers
Mar.26.2020
By now, policyholder advocates have focused on the fact that, apart from virus and contamination exclusions, a key issue for the viability of any COVID-19 claim for business interruption or civil authority coverage – at least under widely-used policy language – will be whether the policy trigger of physical damage can met by a