Direct answer
It depends on the specific policy language and local regulations, as some insurers exclude extortion payments while others include them as a negotiated coverage limit.
Standard cyber insurance policy forms and regulatory bulletins from state insurance commissioners. For additional information about regulatory guidance on cyber coverage, see the National Association of Insurance Commissioners‘s consumer and regulatory resource center.
What this means for you
It depends on the specific policy language and local regulations, as some insurers exclude extortion payments while others include them as a negotiated coverage limit.
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