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Clarification: AIG cyber cover

The article “Web of Lies” in the April/May edition of Insurance News (the magazine) states that AIG’s cyber cover does not respond to reputational damage.

The information was supplied by AIG, which has since told insuranceNEWS.com.au its policy does in fact cover public relations costs, loss of revenue or impact to a brand that can adversely affect an organisation’s bottom line.