With the recent California wildfires seen as likely to drive the second most costly first-quarter on record for the global insurance and reinsurance industry, AIG CEO Peter Zaffino has warned that a $200 billion annual catastrophe loss year in 2025 could “recalibrate the entire industry.”Zaffino highlighted that, “Much more of the risk is now being … Read more
Microsoft CEO Satya Nadella has announced a dramatic restructuring of the company’s engineering organization—all around pivoting the company’s focus to developing the tools that will underpin agentic AI. Dubbed “CoreAI – Platform and Tools,” the new division rolls the existing AI platform team and the previous developer division (which is responsible for everything from .NET … Read more
Major hurricane Milton continues to bear down on Florida and in recent updates from the National Hurricane Centre warning areas for the Florida Peninsula have been expanded, with an expectation the storm could sustain hurricane wind speeds all the way as it crosses the state from west to east.The latest National Hurricane Centre (NHC) update … Read more
