Posts by Hometown Insurance

The European Union is providing a new backstop to a war risk insurance program for the Ukrainian logistics sector, amid a rise in demand due to intensifying Russian attacks. With EU backing, the European Bank for Reconstruction and Development’s guarantee …

Orbital data centers chasing unlimited solar power and boundless real estate increase the risk of potentially catastrophic conflict in space — just as militaries worldwide embrace artificial intelligence and see computing facilities as critical infrastructure. On the ground, government server …

Banking regulators are stepping up efforts to contain growing AI risks, six people familiar with the matter said, with some pointing to the potential for cyberattacks on banks or rogue agents undermining global financial stability. The regulatory scrutiny, fresh details …

Bulgaria summoned Russia’s ambassador to Sofia after two ships were hit off the country’s coast, as concerns mount over the security of Black Sea shipping. The strikes on two cargo vessels on Oct. 13 add to a series of more …

Hackers raised the temperature of refrigerators and freezers at hundreds of French supermarkets to as high as 50 degrees Celsius (122 degrees Fahrenheit) overnight, causing fires and spoiling food. The Paris prosecutor’s office said Oct. 12 a “large-scale” attack was …

Data center developers have started touting new technologies that slash the amount of water needed to cool hot-running servers in drought-stressed places like Arizona. Those efforts, though, are not addressing the vast majority of the water consumed by the AI …

A friend of the suspected thief of a massive cache of personal data from the FBI says he begged the teenager not to do it. Adem El Adeb, 19, told Reuters that he tried to convince Saif al-Din Khader last …

Lots of trees and fences down, some roof damage to homes, businesses and vehicles, and flooding and tornadoes in parts of western North Carolina. But overall, the insured losses from Hurricane Isaias, which made landfall in the Florida Panhandle Friday …

The North Carolina Court of Appeals last week reinforced long-debated exceptions to the exclusive remedy of the workers’ compensation system in two high-profile cases that could prove costly for employers and insurers. In the first case, from Charlotte, the appeals …

As climate change increases the threat of destructive wildfires, traditional mortgage lenders are making it harder or more expensive to secure a home loan in fire-prone parts of California. Online lenders are behaving differently. Fintech lenders — companies that originate …