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The insurance industry should be prepared to withstand $171 billion in insured catastrophe losses, on average in a given year, up $19 billion from a year ago, according to Verisk. In its highest estimate reported to date, the data analytics …
Major tech companies including OpenAI, Anthropic, Microsoft, Alphabet and Amazon are calling for a society-wide defensive surge to defeat what they describe as an impending wave of hacks driven by artificial intelligence. In a joint letter issued Thursday, the companies …
The Ross Fire has grown into one of the largest wildfires in the Dallas-Fort Worth area’s recorded history, scorching 85,000 acres across Palo Pinto and Jack counties in just three days. The fire, which began Monday near Palo Pinto, grew …
Howden Re, the reinsurance arm of insurance broker Howden, is partnering with the modeling company Synthetik Insurance Technologies, to launch an analytical tool designed to help insurers and reinsurers better understand, quantify, and manage strikes, riots and civil commotion (SRCC) …
Life-threatening flash flooding was hitting areas of East Texas north of Beaumont early Wednesday morning, as more than 20 inches of rain had fallen from the remnants of Tropical Storm Edouard in some places, federal forecasters said. At least one …
The U.S. pressed G20 members on Tuesday to take a hands-off approach to AI regulation and avoid creating new rules for the technology at a gathering of industry titans and commerce ministers in North Carolina. The U.S. goals largely align …
Texas is mobilizing emergency response crews in anticipation of expected flash flooding from a now fully-formed tropical storm that forecasters predicted would hit the southeast part of the state on Tuesday. Federal forecasters elevated a tropical depression in the Gulf …
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has launched Active Cyber Insurance for Enterprises in the UK, a solution designed to meet the complex cyber risk needs of large organizations. Following the announcement of Coalition’s expanded …
Guy Carpenter, the reinsurance arm of Marsh, has been rebranded Marsh Re — retiring a name that has been in the insurance and reinsurance market for more than 100 years. “A new name for an expanded vision,” said the promotional …
Thailand plans to provide government-funded disaster insurance to about 30 million households in high-risk areas, while seeking to shift some of the growing cost of floods and other catastrophes to private insurers. The government on Tuesday approved a 15.5 billion …
The US Federal Trade Commission and 22 US states sued Amazon.com Inc. over claims the e-commerce giant systematically overcharged advertisers for years. The FTC, which enforces antitrust and consumer laws, and the state attorneys general allege in the suit filed …
Russian-speaking hackers used SpaceX’s AI coding assistant, Cursor, to help break in to a Belgian chemical company and at least six other firms earlier this year, according to data reviewed by Reuters and reports issued Aug. 27 by cybersecurity companies …
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