10 September 2016 Insurance

The next generation of cyber coverage

In early August, a major US airline was forced to cancel more than 1,000 flights and delay thousands more after a power cut downed communications at its headquarters. The airline had not offered any estimates on the financial impact of the problem at the time of going to press, but analysts have suggested it could wipe at least $10 million off the company’s operating income in the third quarter.

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