FILE PHOTO: People stand near the blacked-out digital billboards at Times Square following a global IT outage, in New York City, U.S. July 19, 2024. REUTERS/David 'Dee' Delgado/File Photo
(Reuters) - The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike's glitchy security software update that disrupted internet services worldwide last week, Fitch Ratings said.
Preliminary estimates suggest that insured losses could be in the range of mid-to-high single-digit billion dollars and most claims would be within the purview of primary insurers, the ratings agency wrote in a report on Monday.
