These are interesting time in the Fintech and Insurtech space. Companies purchasing cyber Insurance policies to cover themselves in case of malware attacks and cyber hacks might need to read the fine prints over and over again. In what is shaping up to be a major test case for the entire Cyber Insurance Industry, Zurich American Insurance Company is refusing to pay out a $100 million claim from Consumer packaged goods company Mondelez which was one of the biggest victims of the infamous Notpetya ransomware attack in June 2017. Zurich American Insurance company says that the Notpetya ransomware attack was actually an act of ‘Cyber war’ and it’s not covered by the policy. Originally, Zurich indicated that it might pay $10 million or about 10 percent of the overall claim. But later denied paying any claim by invoking a special Cyber war clause. To back up its case, Zurich American points to the official statements of National security officials from UK, Canada and Australian governments all of which blamed Russia for the cyber attack.