OpenAI’s Stargate AI Venture Is Scouting for US Data Center Sites February 7, 2025 By Anna Tong and Akash Sriram ChatGPT maker OpenAI said on Thursday it is evaluating U.S. states as potential artificial intelligence data center locations for its...
AI Safety Institute Director Leaves Role February 6, 2025 By Jeffrey Dastin The U.S. AI Safety Institute’s inaugural director, Elizabeth Kelly, is departing her role on Wednesday, she said in a LinkedIn...
Google Scraps Diversity-Based Hiring Targets February 6, 2025 By Kenrick Cai Alphabet’s Google is scrapping its goal to hire more employees from underrepresented groups and is reviewing some of its diversity,...
Farmers Ruined by PFAS Face Key Moment in Fight Against Pentagon February 6, 2025 By Pat Rizzuto Neither Art nor Renee Schaap could bear to stay on their dairy farm in Curry County, New Mexico, in April...
Slower Growth but Surplus Lines Premiums Still Up 12% in 2024 February 6, 2025 By Chad Hemenway The excess and surplus lines market continued to grow in 2024, with premium reaching more than $81 billion, according to...
13 US P/C Companies Impaired in 2023: AM Best February 6, 2025 Thirteen U.S. property/casualty companies became impaired in 2023, 10 of which were placed into insolvent liquidation, according to an AM...
Allstate Q4 Income Up 30% Despite High Hurricane-Related Losses February 5, 2025 By Chad Hemenway Allstate Corp. fourth quarter net income applicable to common shareholders increased 30% to about $1.9 billion, and the insurer finished...
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh February 5, 2025 By L.S. Howard Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 –...
Aon, Floodbase, Swiss Re Team on Parametric Storm Surge Solution for US Hurricane February 5, 2025 Aon plc said it has launched a new parametric insurance solution designed to address and mitigate commercial losses from hurricane-related...
Markel Reorgs Professional Liability Products February 5, 2025 Special insurer Markel said it is realigning its U.S. professional liability products into four pillars: management liability, errors & omissions...