- Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said.
And not every cyber insurance policy likely has coverage for business interruption; such coverage would have to be bought separately at extra cost. The event could also bring with it legal claims for CrowdStrike and Microsoft. A defective update by CrowdStrike, designed to protect Microsoft Windows systems, triggered the global IT outage."Airlines might have rights under their contracts that allow them financial or other remuneration based on the CrowdStrike outage," said Sam Levine, senior vice president - professional and cyber solutions at specialty insurance broker CAC.
Investors can expect a huge reveal on Nvidia's upcoming earnings call that could silence AI critics, Goldman Sachs says