Risk
Possibility of a Billion-Dollar Systemic Cyber Event ‘Is Real’
A systemic event and the threat it could pose to insurers' portfolios is not the million-dollar question but perhaps the billion-dollar question, according to Norman Niami, immediate past chairperson ...
Many Businesses May Not Be Protected Against Losses From Snow Melt Floods
Catastrophic flooding is a major problem in the US, where it kills more people every year than tornadoes, hurricanes or lightning combined.
Airbag Inflator Issue Prompts Chrysler to Recall Nearly 286,000 U.S. Vehicles
Chrysler is recalling nearly 286,000 vehicles in the United States over a manufacturing defect that might cause the side curtain airbag inflators to rupture, the National Highway Traffic Safety ...
CoreLogic: Mid-Month Hail Events Impact More Than 600K Homes
Several convective storms earlier this month spawned hail as large as softballs, causing damage to more than 600,000 homes across the Central U.S., according to a weather bulletin by Jon Schneyer, ...
DOJ Plans Crackdown on Pre-IPO Tech Investor Fraud
The U.S. Justice Department's top prosecutor in San Francisco is targeting artificial intelligence (AI) and other tech startups that defraud investors before they go public, he told Reuters. Ismail ...
Trucks Using GPS Threaten Historic Covered Bridges Meant for Cars Only
One of Vermont's historic covered bridges has fallen under threat from modern technology. Box truck drivers relying on GPS continually crash through Lyndon's 140-year-old Miller's Run bridge despite ...
‘AI Washing’ Troubles: SEC Fines Investment Firms, Issues Warnings
The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to "AI washing," or essentially making false claims about their use of artificial ...
Climate Change Speeds Up as Major Indicators Blow ‘Off the Charts,’ WMO Warns
All the major indicators of climate change smashed historic records last year, with some rising so steeply that the United Nations' World Meteorological Organization warned they were "off the ...