The Trump administration’s embrace of legal liability to enforce artificial intelligence safety sets the stage for future conflicts over who foots the bill when AI models go rogue: the companies that design the systems or the people that deploy the technology. Holding AI developers financially responsible for the safety of their products has won support …
Modelling firm’s estimate is at the low end of earlier projections Source link
Edison International shares fell over 3% on Tuesday after short seller Muddy Waters said it had uncovered new information suggesting the utility acted with “conscious” or “willful” disregard in the Eaton Fire. Related: Southern California Edison Chief Warns Wildfire Impasse Risks Higher Customer Bills The investment firm said Edison could face at least $4 billion …
‘Some muppets always ready to quote lower than us,’ marine underwriter notes Source link
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 buildout. Miles away from multiplying data centers, power plants are now consuming enormous volumes of …
Elliot Richardson appointed chief commercial officer to accelerate growth across all the broking group’s businesses Source link
Isaias suddenly strengthened into a Category 3 hurricane as of Friday morning, Oct. 9, and remained on course to hit the Pensacola-Panhandle area of Florida with more than six feet of storm surge, strong winds and as much as 15 inches of rainfall. “Just-received data from an Air Force Reserve Hurricane Hunter aircraft indicate that …
Broker expands marine offering with law firm acquisition Source link
Benson Enterprises, Inc., the operator of automotive dealerships including Ingram Park Chrysler Jeep Dodge Ram in San Antonio, will pay $430,000 and furnish other relief to settle a sex-based harassment and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, from January to June …
Beveridge to succeed Taylor as chief executive of International Group affiliate Source link
Homeowners insurance rates are beginning to come down in Texas, according to the most recent data from the state insurance department. Since the start of July, insurance companies have filed an average 4.3% rate decrease on homeowners policies. ASI Lloyds, a Progressive company, filed a 6% rate decrease impacting 71,000 policyholders, and Texas Farm Bureau …
Lloyd’s reinsurer hires Starr’s Elisabeth Groehe to lead new unit Source link