Insured losses from Hurricane Ida are now creeping into the $30 billion range after catastrophe modelers added damage to properties in the Northeast, putting the catastrophe on par with Hurricane Irma and Harvey in 2017 and Superstorm Sandy in 2012. …
SAN FRANCISCO — In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to. It turned down the client’s idea after weeks of internal discussions, deeming the project …
Only about 20% of Gulf of Mexico oil and gas production is back online after Hurricane Ida battered south-east Louisiana, marking a even slower comeback than in the wake of Katrina. More than a week after the Category 4 storm …
Cognizant Technology Solutions Corp has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to officials in India. A preliminary settlement of the proposed class action was filed …
SOUTH LAKE TAHOE, Calif. (AP) — The lifting of a mandatory evacuation order for South Lake Tahoe’s 22,000 residents is a confident milestone in the fight against the Caldor Fire, but it remains only 48% contained and still threatens areas …
TOKYO (AP) — Experts from the International Atomic Energy Agency asked Japan on Tuesday for full and detailed information about a plan to release treated but still radioactive water from the wrecked Fukushima nuclear plant into the ocean. The three-member …
MANILA, Philippines (AP) — A strong typhoon slammed into the eastern Philippines on Tuesday, bringing high winds that caused power outages in several provinces. Typhoon Conson carried sustained winds of 120 kilometers (74 miles) per hour with gusts of up …
Boeing Co.’s directors must face an investors’ lawsuit accusing them of failing to properly monitor safety issues and the development of 737 Max jetliners whose two fatal crashes have cost the company more than $20 billion. Delaware Chancery Judge Morgan …
The morning after one of the most intense tornadoes recorded in New Jersey history all but demolished the largest dairy farm in the state, owners Marianne and Wally Eachus looked at each other and just cried. “What are we going …
National Trust Insurance Co. contends that a pollution exclusion in a policy it sold to an Alabama furnace-repair company excludes coverage for a wrongful death claim caused by carbon monoxide poisoning. The Indiana-domiciled carrier won’t be able to test that …