On the morning of June 17, an Arctic tsunami ravaged Uummannaq and neighboring Nuugaatsiaq. Evidence suggest a climate-induced disaster in which a mountain landslide created 270-foot waves.
Traffic fatalities in the U.S. rose for the second-straight year in 2016 despite a dip in crash deaths linked to distracted driving, according to data released by federal highway safety regulators.
Losses on this scale, which at the upper end would be the highest on record in a single year, could weaken capital at some reinsurers and increase the risk of rating downgrades.
The average revenue increase has been 17% while the average cost reduction has been 12% among the global industries that have already turned to artificial intelligence.