News
Governments Across the World Race to Regulate AI Tools
Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree on laws governing the use of the technology. Here are the ...
U.S. to Eliminate Many Dangerous Rail Crossings With $570M in Grants
With the rail industry relying on longer and longer trains to cut costs, the Biden administration is handing out $570 million in grants to help eliminate many railroad crossings in 32 states. The ...
Executives on the Move at American Family Ventures, Corvus, Markel
American Family Ventures (AFV) has appointed Dr. Henna Karna as an Entrepreneur in Residence. AFV Managing Director Dan Reed said that Karna's "exceptional track record and leadership in technology ...
Lawsuit Claiming Racism at Tesla Draws Almost 240 Black Workers Saying ‘Me Too’
A Black former assembly line staffer at Tesla Inc. is moving to add hundreds of other workers to his 2017 lawsuit in which he called the electric-car maker's production floor a "hotbed for racist ...
Industry Alliance Outlines Key Liability Risk Considerations in Insuring AI
Artificial intelligence and its uses are a hot topic these days. Some benefits of AI include efficiency in time and resources, but what happens when an AI-related error or failure occurs? Liability ...
Homeowners Insurer Retreat Signals Climate, Regulatory and Economic Challenges: Fitch Ratings
The recent retreat of large homeowners insurance carriers, like Allstate and State Farm, from the California property insurance market signals ongoing regulatory constraints, rising cost inflation ...
U.S. Traffic Safety Agency Audit Finds Auto Defect Probes Lag
The U.S. government agency charged with keeping the roads safe is slow to investigate automobile safety defects, limiting its ability to handle rapidly changing or severe risks, an audit made public ...
FEMA Hit by Multistate Lawsuit Over Flood Insurance Rating Formula
A federal lawsuit claims FEMA failed to take into account skyrocketing flood insurance costs generated by its new rating system, Risk Rating 2.0. Ten states, along with 43 Louisiana parishes and more ...