Cadbury owner Mondelez is suing Zurich Insurance for its refusal to pay a $100 million claim relating to the NotPetya virus outbreak in 2017

Tuesday, January 15, 2019
Cadbury owner Mondelez is suing Zurich Insurance for its refusal to pay a $100 million claim relating to the NotPetya virus outbreak in 2017

Cadbury owner Mondelez is suing Zurich Insurance for its refusal to pay a $100 million claim relating to the NotPetya virus outbreak in 2017, reports the Financial Times. Spreading largely from malware on a Ukrainian accounting firm server, NotPetya rendered 1,700 company servers and 24,000 laptops “permanently dysfunctional” around the world, Mondelez says in a suit filed in Illinois. Zurich has refused to pay, citing an exclusion clause for a “hostile or warlike action” by a sovereign power, or people acting on their behalf. Reportedly emanating from Russia, the virus caused Danish shipping giant Maersk $300 million in losses and British consumer goods company $130 million.

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