Posts by Hometown Insurance
This Week’s Northeast Disruption Puts Spotlight on Aging Air Traffic System
Communications failures that snarled hundreds of flights across the Northeast on Monday have put the spotlight back on the aging systems that air traffic controllers rely on in the U.S. Congress already handed the Federal Aviation Administration $12.5 billion last …
Read More New Zealand Says China Is its Most Persistent State-Backed Cyber Threat
New Zealand’s cyber security agency said China was the country’s most persistent and capable state-backed cyber threat, as foreign actors targeted government agencies and organizations in sectors including health, education and information technology. The National Cyber Security Centre (NCSC), part …
Read More Northeast Expecting Torrential Rains, Flood Risk as Coastal Storm Builds
A powerful coastal storm is building off the Northeast, threatening to bring torrential rain across parts of eastern Massachusetts and raising flood risks to New York City, New Jersey and Washington, DC into the weekend. The Nor’easter system is forecast …
Read More Grid Operator E.ON Warns of Growing Risk of Attacks on Energy Infrastructure
Companies must prepare for successful attacks on critical power infrastructure as both physical and cyber threats continue to increase, the CEO of E.ON, Europe’s largest operator of energy grids, said on Thursday. “Attacks on our grids are increasing significantly,” Leonhard …
Read More Indian Insurance and Bank Stocks Tumble on Fee Cap Proposal
PB Fintech Ltd. led a slide in shares of Indian insurance companies, distributors and lenders on Thursday, after the country’s insurance regulator proposed caps on commissions and tighter management expenses. PB Fintech plunged by a record 30%, its worst day …
Read More OpenAI Agent Hacked Australian Government Health Website
An OpenAI model hacked an Australian government website earlier this year, marking one of the first known cyberattacks by artificial intelligence on a government database. The AI system gained unauthorized access to files on a website for reporting healthcare statistics, …
Read More Tesla’s Automated Driving System Often Misreads Speed Limits: Belgian Safety Group
Tesla’s FSD automated-driving system frequently exceeded speed limits and attempted to overtake cyclists on streets where it’s prohibited, a road-safety advocacy group said, citing tests it conducted in Belgium. The Belgian group Johanna.be – which advocates for pedestrian and cyclist …
Read More UN Chief Calls for AI Pact to Prevent Rise of Killer Robots
The secretary general of the United Nations stepped up his calls for regulation of AI to avert a dystopian future of rampant corporate power and killer robots. Antonio Guterres used his final address to world leaders at the UN General …
Read More Markets/Coverages: CFC Begins Affirmative AI for Intellectual Property; CRC Specialty Launches Insurisk Cyber
CFC announced the launch of affirmative AI coverage within its intellectual property policy. AI is transforming how businesses create, develop and commercialize intellectual property. However, the legal framework governing the relationship between AI and IP remains fragmented and continues to …
Read More People Moves: Huntington T. Block Appoints Schaffer Senior VP of Fine Art; Zern to Oversee Howden US Health and Benefits
Huntington T. Block Appoints Schaffer as Senior VP of Fine Art Insurance Huntington T. Block Insurance Agency Inc., the oldest and largest insurance broker dedicated to fine art and musical instrument insurance in the U.S. and a subsidiary of Aon …
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