Another Insurer? Again?

CNA Financial, parent of CNA Casualty, is the latest insurer to announce being a victim of ransomware. The guys who hit Colonial Pipeline must be embarrassed. They only got a little over $4 million in ransom. CNA paid ten times that — $40 million.

We have enshrined ransomware as the road to riches. Now how can insurers deny claims from clients when they are shelling out for themselves? (They will try, of course.)

Sources:

  1. https://www.insurancejournal.com/news/national/2021/05/21/615373.htm

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