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Vendors, insurance providers, technology specialists and other stakeholders will have to work together to ensure a standard framework for a safer cloud.

Cloud-computing insurance has long been posed as a solution to the problem of cloud users assuming too much risk of failure in the wake of things such as lengthy outages, data breaches and Lulzsec attacks. But it seems the idea of off-loading some of that risk to a third party — an insurance provider — is finally becoming a reality. Kind of. At the very least, insurance providers are recognizing the importance of insuring both cloud providers and the companies that patronize them — even if their policies still need some fine-tuning.