Technology/Science
This Year’s SCS Loss Totals Will Fall Below Average: KCC Analysis
According to a bulletin published by KCC, the risk modeling firm projects that severe convective storm losses for all of 2026 will drop below annual averages based on loss activity accumulated so far ...
AI Bumps Power Cost 60% as Mega U.S. Grid Fails to Hit Supply Goal
Power-hungry data centers have increased supply costs for the largest U.S. electric grid by more than 60%, the system watchdog said. PJM Interconnection LLC, which serves 13 states and Washington, ...
U.S. to Launch AI and Cybersecurity Coordination Group, White House Says
The U.S. will formally bring together AI developers and essential services providers to share information on cybersecurity vulnerabilities identified by advanced AI systems and coordinate responses, ...
AI Adoption Continues, But 70% Want More Training: SMB Survey
AI adoption among U.S. small businesses has risen to 66%, up 11% from a year ago, even as 70% of owners admit to needing more training to use the technology effectively, according to AI-enabled ...
Duck Creek Acquires Send, Creating Agentic Underwriting-to-Core Platform
Duck Creek Technologies announced it has acquired Send Technology Solutions, an AI-native underwriting orchestration engine serving commercial, specialty and complex risk markets. Duck Creek said the ...
Travelers Builds Insurance-Specific LLM
The Travelers Companies, Inc. announced this week that engineers and data scientists have developed TravelersLLM, a proprietary large language model tailored to its property/casualty business. ...
Data Centers Are Being Built in Areas Exposed to Extreme Weather
A significant number of data centers are being built in areas that are exposed to extreme weather risks brought on by climate change, a report by XDI has found. A study of roughly 2,600 planned data ...
Space Startups Seek Insurance for Orbital AI Data Centers
Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk's SpaceX and Jeff Bezos' Blue ...