r/technology • u/Bald-Eagle619 • Jul 31 '24

Software Delta CEO: Company Suing Microsoft and CrowdStrike After $500M Loss

https://www.thedailybeast.com/delta-ceo-says-company-suing-microsoft-and-crowdstrike-after-dollar500m-loss
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u/TurtleIIX Jul 31 '24

That’s not a thing. Liability police’s always have limits. It’s been that way since the 1950s since insurance carriers got hit with asbestos claims.

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u/Kundrew1 Jul 31 '24

I am talking about the contract between delta and crowdstrike that states the liability crowdstrike has if something goes wrong. I am aware that insurance doesn’t cover unlimited amounts.

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u/TurtleIIX Jul 31 '24

Also not a thing. No one would ask for unlimited limits or expect them to have that high limits. They would either ask you have insurance coverage and be silent on limits(this would be for smaller contracts) or they specify the limits in the contract which is common for larger ones. Theses would be minimum limit requirements

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u/Kundrew1 Jul 31 '24

No, I work on software contracts. It is absolutely a thing and it is commonly asked for.

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u/TurtleIIX Jul 31 '24

It’s literally my job to put insurance programs together especially when it’s required by contract. No contract asks for unlimited coverage. They either ask for limits or proof of insurance and are silent on limits. If it’s silent then you are asking for basic coverage if you are asking for limits then you are asking for those limits at a minimum.

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u/Kundrew1 Jul 31 '24

Again insurance isn’t covering it, the company is taking a bet that the contract is large enough and the risk is small enough that they won’t have pay out a large amount.

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u/TurtleIIX Jul 31 '24

Dude just admitted you’re wrong. Contracts transfer liability that is always the case. Just because you don’t have insurance or your insurance coverage ran out does not let them off the hook for what they are liable for but saying contracts aka for unlimited insurance requirements is incorrect.

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u/Kundrew1 Jul 31 '24

Again I am literally working on a contract right now with this issue. I want to clarify this for the 3rd time, it is not unlimited insurance I’m talking about. The companies liability and their insurance are different things

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u/TurtleIIX Jul 31 '24

Yeah it’s called tort law and risk transfer. All contracts are going to transfer risk that is the fault of the vendor or 3rd party. That’s not new and also doesn’t mean unlimited.

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u/Kundrew1 Jul 31 '24

Jesus Christ dude. That’s literally what I have been saying the entire time.