A French national flag and a flag displaying the AXA SA logo fly outside the insurance company's headquarters in Paris, France, on March 6, 2018. (Photo: Christophe Morin/Bloomberg)

French insurer AXA announced on May 6 that it has stopped writing cyber insurance policies with reimbursement coverage for ransomware extortion payments made to cybercriminals, the Associated Press reported.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

E&S/Specialty
Cybersecurity