Mosaic Insurance, the Bermuda-based insurer, launched a digital underwriting system designed to quickly bring complex specialty products to the small and midsize enterprise (SME) market. The AI-powered initiative, called HALO, combines broker trading activity, underwriting decisions, and portfolio outcomes in …
Companies using artificial intelligence are adding more jobs than those that aren’t, but those gains sharply favor senior employees over junior workers, according to a new study spanning 41 countries. The number of employees in senior positions rose by 6.7% …
New York is upgrading its statewide system that helps communities better understand and predict flooding so that they can reduce the associated risks. FloodSafe NY is a partnership between the state’s Department of Environmental Conservation (DEC) and the U.S. Geological …
Banks under pressure from European regulators to manage extreme weather risks are bumping up against client data-privacy barriers that are complicating efforts to guard against losses. In countries at the epicenter of Europe’s latest heat waves, banks are now privately …
The Trump administration is considering whether to update interagency antitrust guidance on cybersecurity to address a new wave of threats posed by artificial intelligence, according to Associate US Attorney General Stanley Woodward. At an event in New York on Sept. …
A California agency’s lawsuit accusing Tesla of allowing rampant race discrimination at its flagship assembly plant is set to go to trial on Monday, one of a series of similar lawsuits being faced by the electric vehicle maker. Lawyers for …
Opposition to data centers continues to mount in the US. That’s according to research group Data Center Watch, which said some 45 data center projects worth $68 billion were blocked or delayed by local pushback between April and June this …
The state of Virginia is tightening permitting, commercial and environmental controls on data centers as political backlash grows against the server warehouses and the technology developed within them, Governor Abigail Spanberger said on Friday. Virginia, which has the largest concentration …
Starbucks agreed on Thursday to settle a discrimination lawsuit by the state of Florida, pledging not to adopt race- or sex-based quotas or preferences in hiring, promotion and pay decisions. Starbucks and Florida’s Republican Attorney General James Uthmeier jointly announced …
Fire investigators were working to determine the cause of a blaze that heavily damaged seven buildings and six businesses in downtown Walhalla, South Carolina, a city of about 4,100 people in the northwest corner of the state. The Main Street …