The potential agreement between Merck & Co. and their insurers concerning a $1.4 billion demand stemming from the NotPetya assault will redefine how the insurance sector phrases their war exclusion clauses in their policies. Organizations must evaluate the implications of these modifications on risk, stated lawyer Peter Halprin. This settlement puts an end to a long-standing legal battle between Merck and multiple insurance firms who were contesting a 2023 court ruling. The ruling stated that the insurers couldn’t use the …
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