AI risk remains low for most construction jobs, NAHB finds

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Florida’s struggling passenger train Brightline filed chapter 11 bankruptcy late Thursday in a prepackaged deal that brings in fresh cash and leaves untouched the municipal bond principal but defers debt payments on senior and junior debt. Processing Content A group of majority bondholders and Assured Guaranty, Ltd have agreed to provide $490 million of long-term…

For the past three or four years, collapsing real estate investment volumes have grabbed the headlines. But it is the collapse in new development that is set to define the sector for the next few years, according to one of the world’s largest property companies.  After a period in which it was doing a lot…

China’s investment slump deepened and retail sales growth slowed further in August, while industrial output topped estimates with authorities warning of acute supply-demand imbalance at home. Retail sales grew 0.4% in August from a year earlier, data from National Bureau of Statistics showed on Tuesday, slowing from 0.6% in the prior month and missing economists’…

Key insight: The policies most community banks rely on for cyber liability, fidelity bonds and directors and officers insurance are full of overlapping exclusions, restrictive coverage sublimits and vague specifications. Supporting data: In a case decided in Minnesota in 2022, the insurer only paid the $100,000 social engineering sublimit on a $600,000 loss and denied…