risks News

U.S. Business Owners Seek Higher Insurance Coverage as AI, Election Risks Loom, Survey Shows

Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage Gallagher showed on Wednesday. Companies are …

Report: National Security Risks Grow with Demand for Nuclear Energy

Risks associated with nuclear energy such as the proliferation of nuclear weapons, nuclear terrorism, sabotage, coercion and military operations can all be expected to grow as countries seek to implement their new nuclear energy objectives, according to a report by …

3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety

Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of generative AI adoption. Yet these …

Commercial Property Rates Not Expected to Increase at Same Pace as 2023: USI

A new USI Insurance Services report forecasts that in 2024, commercial property insurance rates “are expected to increase, but not at the same pace as seen in 2023.” “Our forecast calls for 5% to 15% rate increases for non-catastrophe property …

Catch-All Travel Insurance Booms as U.S. Flyers Take Thanksgiving Risks

U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks. Data from insurance comparison website Squaremouth …

Settlement in Deadly Crab Boat Sinking Calls For Over $9M

SEATTLE — The owners of a Seattle-managed crab boat have reached a settlement of more than $9 million with two survivors and the families of four crew members who died last year when the Scandies Rose went down in the …

Warmest Oceans on Record Adds to Hurricanes, Wildfires Risks

The world’s seas are simmering, with record high temperatures spurring worry among forecasters that the global warming effect may generate a chaotic year of extreme weather ahead. Parts of the Atlantic, Pacific and Indian Oceans all hit the record books …

PG&E Probing Whether Cables at Risk of Failing and Causing Fires

PG&E Corp. is trying to determine whether other jumper cables along its system may be susceptible to failure after one broke in October, minutes before the massive Kincade wildfire ignited in Northern California wine country. PG&E said it was looking …

After Boeing Crashes, Jet Design Rules to Get Tougher for All

Planemakers worldwide face tougher scrutiny and changes in the way aircraft are certified in the aftermath of two fatal crashes of Boeing 737 MAX jets, leading regulators have told Reuters. Tuesday marks one year since the deadly crash of a …

Businesses are Walking a Fine Line Between Innovation and Cybersecurity

Companies are working to balance their desire for new innovations with their need for strong cyber-defenses, a new report from CompTIA, a technology industry trade association, finds. CompTIA’s “Cybersecurity for Digital Operations,” based on a survey of 500 U.S. businesses, …