The drug giant under attack:A Russian cyberattack brought global drugmaker Merck to its knees. It crippled more than 30,000 laptop and desktop computers, as well as 7,500 servers. Merck did what any of us would do: It turned to its insurers. After all, the company was covered to the tune of $1.75 billion for risks including the destruction of computer data, coding, and software. So it was stunned when most of its 30 insurers and reinsurers denied coverage under those policies. Why? Because Merck’s property policies specifically excluded another class of risk: an act of war.(Bloomberg) “When the president of the United States comes out and says, ‘It’s Russia,’ it’s going to be hard to fight.”
An example of how most types of insurance are completely worthless. They'll happily take your premiums but when it comes to getting a payout you have to sue them for it. This includes health insurance.