Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyberattacks.
Called CyNuC, the malicious act cyber insurance policy was developed specifically by Chaucer’s Lloyd’s Syndicate 1176 in conjunction with the insurer’s cyber team.
The policy will have a maximum aggregate limit of US$25 million and be limited to operating systems. It is offered in the US and globally. The policy can be extended to include potential business interruption following actual physical damage sustained and malware introduced to the operating systems within the pol