INSURANCE NEWS
Harbor Emerges From Stealth With $10M Funding to Handle AI-Agent Risk
New company Harbor said it has emerged from stealth to help with the risks of deploying AI agents. San Francisco-based Harbor starts with $10 million in seed funding from Base10 Partners, Abstract and 8VC. Harbor said it helps companies measure …
Rider Dies, Others Hurt on Six Flags Roller Coaster in Georgia
A rider has died and several others injured after an accident involving a roller coaster at the Six Flags Over Georgia park, the Associated Press reported, citing the police in Cobb County. Videos posted online show passengers being evacuated from …
EU Backs Ukraine War Risk Insurance as Market Rebounds
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 Risk Becoming Military Targets in Space
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 Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say
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 Points to Russia as Drones Hit More Cargo Ships
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 Heat French Supermarket Fridges, Sparking Fires and Spoiling Food
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 …
AI’s Water Strain Includes Surging Demand From Electricity Use
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 …
Friend of Suspected FBI Data Thief: ‘Crazy’ Teen Warned Not to Hack Bureau
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 …
‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected in Florida
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 …
Supervisor’s Punching of Employees Enough for Tort Suit, NC Appeals Court Says
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 …
Homebuyers in Wildfire-Prone Areas Get Better Mortgage Deals Online
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 …