Some 52% of economic output in Arizona, California, Idaho, Nevada, Oregon, Utah and Washington originates in counties with elevated wildfire hazard, putting the economies of the region in jeopardy as wildfires become more frequent and more destructive, Federal Reserve researchers found.
As part of this strategy to focus on its core markets, Lloyd’s will relinquish its admitted licenses in the U.S. Virgin Islands, Kentucky and Illinois, which together represent 1% of Lloyd’s annual U.S. premium income.
Carrier executives and their teams are also curbing impromptu calls and meetings, according to a new survey. Nearly half of respondents said they are doing more scheduled calls and meetings rather than spontaneous ones.
A U.S. lawmaker introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and get reimbursed by the federal government, but insurance groups rejected the idea.
Existing approaches to programming the artificial intelligence used by autonomous vehicles don't account for the complexity of moral decisions or for potentially malicious acts by people controlling the car.