NU Online News Service, Aug. 30, 3:45 p.m. EDT
What questions should insurance brokers and underwriters be asking customers about cloud computing and its impact on exposure and coverage?
In the lead article of this week's edition of NU's E&S/Specialty Lines Extra, Erich Bublitz, technology practice leader for ThinkRisk Underwriting Agency, explains the basics of cloud computing and addresses the implications of using cloud services to the technology errors and omissions and network security insurance landscape.
The term "cloud computing" refers to the practice of "outsourcing" a portion of a company's technology environment to a shared third-party environment. Although the terminology is relatively new, cloud computing is not an entirely new concept. In the past, similar offerings were known as "application service providers."
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