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Tom Johansmeyer: CrowdStrike & Cyber Cats; How much is hyperbole?
The CrowdStrike outage is the latest cyber event to leave underwriters fearing unforeseen catastrophe scenarios and questioning cyber risk aggregations. But could the dramatic headlines and re/insurance buzz about cyber cat be a whole lot of hyperbole? Tom Johansmeyer, global head of index classes, Price Forbes Re, and a POLIR PhD candidate at the University of Kent, Canterbury, certainly thinks so.
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