Below the sky/shutterstock.com_2491325365
22 July 2024Insurance

Mass BI claims pending on IT outage, brokers say; fix times in focus

The global IT outage triggered by a faulty software update will clearly present re/insurers with a hefty bill on business interruption, although price tags remain anybody's guess given variance in timing the fix and vagaries in cost calculations, top global brokers are saying while advising clients en masse to prep claims.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
29 December 2025   From Gallagher’s $13.45bn blockbuster buy to Markel’s exit from global reinsurance, 2025 delivered surprises on both ends of the M&A spectrum. We take a closer look at the deals and retreats that shook the market.
Insurance
24 December 2025   From London to Bermuda, the market watched exits jolt the industry, teams reshuffle and others fall into place with far less fanfare.
Insurance
22 December 2025   Brokerage complaints spin tawdry tales to frame defections as low-rent theft & espionage.