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When Superstorm Sandy made a beeline for New York City in October 2012, it flooded huge swaths of downtown Manhattan, leaving 2 million people without electricity and heat and damaging tens of thousands of homes. The storm followed a sweltering summer in New York City, with a procession of heat waves nearing 100 degrees. For … Read more
New York state lawmakers passed a bill on Thursday that aims to prevent frontier AI models from OpenAI, Google, and Anthropic from contributing to disaster scenarios, including the death or injury of more than 100 people, or more than $1 billion in damages. The passage of the RAISE Act represents a win for the AI … Read more
Unimaginable disasters like the fires in Los Angeles with their hundreds of billions of dollars in destruction put a huge focus on the role the insurance industry plays in the process of rebuilding. Those events will also lead to major financial losses at the insurance companies themselves. And longer term, all of this will put … Read more
The damage is expected to far exceed the $16 billion in economic losses from Maui’s wildfires two years ago. Weather now accounts for almost all of the $320 billion in annual natural catastrophe damages worldwide. Read More
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