by AIP Online Bureau | Jul 25, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology
Reinsurance broker Guy Carpenter said that insurers may face claims on directors and officers’ and property insurance as a result of the outage, in addition to cyber insurance claims Global insured losses from last week’s massive IT outage are likely to range from...
by AIP Online Bureau | Jul 24, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology
Insurers are expecting a “wave of notifications” in the coming days, and losses are likely to be seen under business interruption and dependent business interruption insuring clauses, Acrisure Re said in its bulletin. Insurers may also suffer...
by AIP Online Bureau | Jul 24, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Fortune 500 firms excluding Microsoft to see $5.4 bln in CrowdStrike losses LONDON: U.S. Fortune 500 companies, excluding Microsoft will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday. CrowdStrike’s...
by AIP Online Bureau | Jul 20, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
CrowdStrike has helped develop a scalable solution that will help Microsoft’s Azure infrastructure accelerate a fix, Microsoft said, adding that the tech giant had worked with both Amazon Web Services and Google Cloud Platform to collaborate on the “most...
by AIP Online Bureau | Jul 19, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management, Technology, Workplace/Employee Benefits
A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike and Microsoft on Friday affected operations in sectors including airports, airlines, media and banks. Below is a list of disruptions that have been reported: AIRLINES,...
