Property market braced for Merck cyber-attack claim

US pharmaceutical giant Merck is preparing to file a claim which
the market fears could be as high as $1bn-$1.5bn owing to losses
resulting from the NotPetya cyber-attack, The Insurance
Insider can reveal.
Given that the loss stems almost entirely from business
interruption (BI), the quantum at this early stage is highly
uncertain, but a range of market sources pointed to estimates in
the above range.
It is understood the firm is trying to recoup some of the BI
losses...