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Federal Reserve Board Gov. Lisa Cook said artificial intelligence holds great promise for the economy, but stressed the importance of human choice in decision making, both financial and otherwise.

The artificial intelligence revolution has arrived. NYC's CTO, Matthew Fraser, tells American Banker's Executive Editor of Technology, Penny Crosman, how new technology is shaping policy in America's largest city.

A new research report from ReSource Pro examines how insurance tech vendors' strategies are evolving in the competitive labor market.

Some worry the proposed regulations could make it more difficult for small and midsized businesses to obtain coverage in case of disaster.

Warren Buffett's firm ramped up its reinsurance exposure to the state, looking to take advantage of rising prices.

Google's cloud clients will be able to access Meta's Llama 2 large language model, as well as AI startup Anthropic's Claude 2 chatbot, to customize with enterprise data for their own apps and services.

The Fed said on Tuesday that Birmingham, Alabama-based Regions failed to properly monitor home equity loans and lines of credit, in part because of changes in servicing platforms.

"The main climate factors expected to influence the 2023 Atlantic hurricane activity are the ongoing El Nino and the warm phase of the Atlantic Multi-Decadal Oscillation, including record-warm Atlantic sea surface temperatures," said NOAA's Matthew Rosencrans.

Putting the pressure on employees to return to the office could cost financial companies their leadership.

Berkshire Hathaway Inc. contended with rising prices, a troubled insurance market and a dearth of deals in the second quarter.

Yellen, who also chairs the Financial Stability Oversight Council, said that a spate of extreme weather events is causing insurers to raise rates on homeowners.

Both transactions are at an early stage and may not lead to a sale, said the people, who asked for anonymity to discuss the private information.

FTC Chair Lina Khan, who testified before Congress Thursday, has raised concerns about AI before, saying enforcers "need to be vigilant early" with transformative tools like artificial intelligence.

The Florida Insurance Guaranty Association is getting ready to head back to the market next week with a variable-rate bond deal after successfully selling fixed-rate bonds last week to help fund claims from insolvent insurance companies.

Artificial intelligence has the potential to accelerate world-altering innovations, Google DeepMind executive Colin Murdoch said.

The government-sponsored enterprise's chief executive managing the issue is looking at how things like roof pitch can mitigate the impact of natural disasters on homes.

Plus, AI continues to take over everything, easier migrations with Microsoft, and other developments in technology from the past month.

The company named Ben Bulmer, currently CFO for insurance and asset management, as his successor.

The company reported a $342 million loss on an adjusted basis for the period, compared to profit of $730 million a year earlier, it said Wednesday in a statement.

Accenture sees the metaverse as a continuum of converging technologies, such as AI, AR/VR, blockchain, digital twins, IoT, cloud, digital currencies, NFTs, social platforms, e-commerce and digital marketplaces.