Emerging risks
In the current geopolitical environment, the conflict involving Iran presents risks that reverberate far beyond the immediate conflict between countries.
At the epicenter of those risks is the Strait of Hormuz, through which roughly one-fifth of the world’s seaborne petroleum and a significant share of liquefied natural gas transit each day. Any credible
Reed Smith recently attended the Airmic Annual Conference 2025 in Liverpool as a Marketplace Partner and, in the wake of a series of high-profile cyberattacks on retailers in the first half of 2025, cyber risk emerged as a central theme throughout panel discussions and sessions at the conference. Stakeholders across government, cybersecurity and underwriting all
This article provides an update to a post published on July 23, 2024 by Mark Pring, Andy Moss, and Cristina Shea, which can be found here.
It has now been over a month since cybersecurity technology company CrowdStrike rolled out a defective software update that rendered over 8 million computers around the globe temporarily
On Tuesday, January 23, Lloyd’s of London and AIR Worldwide co-published a report regarding the financial fallout that could occur if a cyber incident or shutdown of a cloud computing provider happened in the United States. The report noted that losses could be around $19 billion with only about $3 billion being covered by insurance.