LONDON (Reuters) – Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd’s of London insurers AXA XL and Beazley among the underwriters, three sources told Reuters on Thursday.
Colonial Pipeline has begun to restart the nation’s largest fuel pipeline network after a ransomware attack shut the line, triggering fuel shortages and panic buying in the southeastern United States.
Insurance Insider reported the news late on Wednesday, saying the cover was for at least $15 million.
Colonial Pipeline does not plan to pay the ransom, sources familiar with the company’s response told Reuters on Wednesday.
(Reporting by Carolyn Cohn; editing by David Evans)