California was already contending with a home insurance crisis due to unpredictable weather events. Then came this week’s fires.
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So far this year, hurricanes, thunderstorms, and floods have cost the insurance industry a collective $135 billion in losses.
A single point of software failure can turn entire industries into teetering Jenga towers. Next time could be a lot worse.
When it hits Florida, Hurricane Milton is expected to cause anywhere between $60 billion and $100 billion in insured losses.
The insurance industry needs to be careful when using AI, or else AI black boxes could render consumers uninsurable without any explanation.
American Transit Insurance Company (ATIC) insures over 60% of 117,000 taxis and for-hire vehicles. And it’s insolvent.
Blue Origin is going slower than SpaceX, but it also nailed a massive rocket launch on the first try. Jeff Bezos is back in the space race.
The listing marks a potentially triumphant comeback story and an insult of sorts to the embattled London stock exchange.
With the way things are going today, it’s becoming increasingly hard to figure out what’s going on with the oil market.