Events like the CrowdStrike IT outage “are unlikely to reach catastrophic levels”: Coalition’s Motta

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Reinsurance News - Jul 26, 2024

$0.96 billion industry-wide loss experienced by US cyber insurance policyholders impacted by the CrowdStrike IT outage has been forecasted by cyber insurance provider Coalition, a low figure compared to the losses of natural catastrophe events that routinely impact the insurance industry. The IT out...

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