News
What Risks Do Advanced AI Models Pose in the Wrong Hands?
The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China and Russia with preliminary plans to place guardrails around the most advanced AI models, ...
Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say
The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller weather shocks fueled by climate change. Catastrophe bonds and other insurance-linked ...
NICB: Imports, Sedans Top List of Most Stolen Vehicles in the U.S.
Imported Kia and Hyundai sedans topped the list of vehicle thefts in 2023, according to a new report issued by the National Insurance Crime Bureau (NICB). The association noted how social media ...
Self-Driving Cars Could Lead to Changes in Traffic Lights
As cars and trucks get smarter and more connected, the humble lights that have controlled the flow of traffic for more than a century could also be on the cusp of a major transformation. Researchers ...
Nuclear Verdicts Surged to $14.5 Billion in 2023: Report
Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were "thermonuclear," or more than $100 million, according to a new study by research firm Marathon ...
Liberty Mutual Posts $1.5B Net Income for Q1, Reversing Loss
Liberty Mutual Holding Company on Thursday reported first-quarter 2024 net income of $1.5 billion compared to loss of $74 million during the same period last year. The combined ratio for the first ...
Survey Finds More Employees Bringing Their Own AI to Work
According to new research from Microsoft Corp. and LinkedIn, the use of generative AI at work has nearly doubled in the past six months but employees aren't waiting for their employers to catch up to ...
AM Best: Social Inflation Key Factor in Rise of Loss Severity
Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are influencing claims costs for indemnity and expense ...