News
Call for ‘Comprehensive Legislation’ in U.S. to Address AI Risks
U.S. Senate Majority Chuck Schumer on Wednesday called for "comprehensive legislation" to advance and ensure safeguards on artificial intelligence (AI) and will hold a series of forums in later this ...
Rapidly Melting Glaciers on Highest Mountains Threaten Quarter of Humanity
Rapidly melting glaciers in Asia's Hindu Kush Himalayan region — home to the world's highest mountains — are threatening the lives and livelihoods of as many as two billion people downstream, ...
Oregon Verdict Highlights Risks Utilities Face Amid Climate Change/Wildfires
A jury verdict that found an Oregon power company liable for devastating wildfires — and potentially billions of dollars in damages — is highlighting the legal and financial risks utilities face ...
AIG Names Purtill Permanent CFO as Fitzsimons Steps Down
American International Group announced that Sabra Purtill, who has served as interim chief financial officer since January 2023, has been named to the role on a permanent basis, effective ...
Viewpoint: Why Activists Should Rethink Hard Insurance Exits From Fossil Fuel Underwriting
Insurers play an important role in helping protect families, businesses and communities as our economy transitions to a greener energy future. However, those protections are coming under increased ...
Vortex Insurance Offers Supplemental Hurricane Coverage for Businesses
Vortex Insurance launched a new insurance program giving businesses the ability to purchase supplemental hurricane insurance for areas of the U.S. threatened by hurricanes. Unlike traditional ...
Fitch: U.S. Insurance Market Forecast to Withstand Losses From Large Hurricane This Year
With ample capital, Fitch Ratings' latest annual 'U.S. Hurricane Season' report indicates U.S. property and casualty (P/C) insurers and reinsurers can absorb losses if a large hurricane makes ...
U.S., Other Nations Name ‘Lockbit’ Digital Gang Top Ransomware Threat
The United States and six other countries identified the digital extortion gang operating under the "Lockbit" banner as the world's top ransomware threat. In a joint advisory issued last week, U.S., ...