risk assessment

Mercury Insurance is integrating XyloPlan’s building-level Wildfire Risk Scores, powered by Milliman’s PinPoint API, into its underwriting process. This data-driven approach moves beyond traditional hazard maps by simulating fire spread based on vegetation, terrain, and weather. The integration provides property-specific risk assessments, enabling more accurate pricing, tailored customer guidance, and proactive mitigation strategies. This partnership highlights the insurance industry’s growing trend towards utilizing advanced technologies for wildfire risk management in response to increasing frequency and intensity.

CAICT’s AI Institute launched security benchmark testing for code-generating LLMs, assessing risks and capabilities using a dataset of 15,000+ test cases across nine languages and various attack methods. The initial assessment of 15 Chinese models (3B-671B parameters) revealed varied security levels, with most exhibiting medium risk. Models showed weaknesses in scenarios involving malicious intent, highlighting vulnerabilities to cyberattacks. CAICT plans to expand testing to international models and develop mitigation tools, aiming to promote a secure LLM ecosystem.

Meta plans to fully automate AI-powered ad creation for brands by the end of next year, leveraging AI to generate visuals, videos, and text based on product images and budget goals. This initiative aims to further strengthen Meta’s advertising business, which accounts for over 97% of its revenue. Simultaneously, Meta is shifting towards AI for risk assessment, targeting AI to handle up to 90% of related tasks.