Warren Buffett and Berkshire Hathaway have raised concerns about significant potential losses related to cyber insurance, especially following a global IT outage caused by CrowdStrike. Fitch Ratings has indicated that the total insured losses from this incident could reach up to $10 billion, although some experts warn that the claims could vary widely, potentially leading to a challenging situation for insurers. While some industry analysts believe the impact will be manageable, others anticipate a surge in business interruption claims across multiple sectors, triggered by the extensive outages. The outcome of this situation may also influence future policy structuring and the evolving landscape of the cyber insurance market.
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