We are proud to announce that John Kerns, Executive Managing Director at Brown & Brown, has been prominently featured in both the Wall Street Journal and the Washington Post. His analysis provides valuable insights into the recent global tech outage caused by a faulty software update from cybersecurity firm CrowdStrike.
Wall Street Journal: “Insurers Brace for Claims From Global Tech Outage”
In this article, John Kerns discusses the significant financial impact on midsize companies, which are expected to be the hardest hit. He explains, “The middle market is probably where we’re going to see real claims, they weren’t able to recover as quickly, and they’re dependent on technology.” His commentary sheds light on how insurers are preparing for an influx of claims as businesses assess the damage from the outage.
Read more about John Kerns’ insights in the Wall Street Journal article.
Washington Post: “CrowdStrike Blames Global IT Outage on Bug in Checking Updates”
In the Washington Post, Kerns elaborates on the broader implications for the cyber insurance market, referring to the incident as a “cyber-hurricane.” The article also explores the technical failures that led to the outage and calls for greater accountability and improved testing practices within the software industry.
Read more about John Kerns’ insights in the Washington Post article.
John Kerns’ contributions to these discussions highlight Brown & Brown’s commitment to thought leadership in the insurance industry, especially in the rapidly evolving field of cyber insurance. His insights offer valuable perspectives as we navigate the complexities of modern tech risks and their implications for businesses worldwide.
Stay tuned for more updates and insights from our knowledgeable teammates as we continue to lead the conversation on critical industry issues.