Risk Factors Update Summary
- Cybersecurity risks and incidents have increased, with ongoing threats and challenges.
- The accuracy of modeling tools used in estimating loss reserves increased from 13 to 14.
- Failure to meet ESG standards could damage reputation and competitive position, affecting stakeholders.
- Unavailability and/or volume constraints could impact financial condition, with changes from 14 to 15.
- Use of generative AI presents additional risks and challenges, impacting business operations.
- Loss of key employees could adversely affect operations, with potential material impact.
- Changes in financial closing processes and accounting calendar alignment are expected in Q4 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=80661&owner=exclude
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