Fortune 500 companies, excluding Microsoft, are projected to incur financial losses totaling $5.4 billion due to a recent CrowdStrike outage, according to insurer Parametrix. The outage, caused by a faulty update to CrowdStrike’s security software, disrupted computers running on Microsoft’s Windows operating system and affected numerous industries, including airlines, banking, and healthcare. Insured losses from the incident are estimated to range between $540 million and $1.08 billion for these companies. Despite the significant impact, major cyber insurer Beazley stated it has no plans to adjust its guidance on its combined ratio, an essential measure of underwriting profitability. Additionally, ratings agency Fitch indicated that the global insurance and reinsurance industry is expected to avoid any major financial repercussions from the outage. Reuters Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Share on LinkedIn (Opens in new window) LinkedIn Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram Like this:Like Loading… Related Post navigation UK business activity picks up after pre-election lull, PMI data shows Hotel workers in four US cities to hold strike authorization votes
