Reply to post: It's nothing "personal". It's just all about the money.

Cyber-insurance shock: Zurich refuses to foot NotPetya ransomware clean-up bill – and claims it's 'an act of war'

sanmigueelbeer Silver badge
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It's nothing "personal". It's just all about the money.

Insurance company make (more) money by NOT paying claims.

Zurich has probably done the maths. To pay the claims is $100 mil. To go to court is between $5 mil and $10 mil. If Zurich lose, there's always an appeal and then drag this for another, say, 10 or so years. During that time Zurich will "reach out" and offer an out-of-court settlement for $25 mil. Still a win-win for Zurich.

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