A software update by the cybersecurity firm CrowdStrike on July 19, 2024 impacted organizations worldwide using Microsoft Windows. (Credit: Robert/Adobe Stock)
Business interruption insurance policies were impacted the most by July's global IT outage, not cyber insurance coverages.
"Typical cyber insurance coverage may not have been triggered because this was not a malicious attack," Peter McMurtrie, a partner in West Monroe's insurance vertical, told PropertyCasualty360.com.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
