Industry News
Anthropic Sues to Block Pentagon Blacklisting Over AI Use Restrictions
Anthropic on March 9 filed a lawsuit to block the Pentagon from placing it on a national security blacklist, escalating the artificial intelligence lab's high-stakes battle with the U.S. military ...
State Farm’s California Homeowners Rate Request: It’s Settled — Almost
The long back-and-forth struggle between State Farm General Insurance Company, the California Department of Insurance and Consumer Watchdog is winding down, with the parties agreeing that an ...
Berkshire’s Abel Vows to Use All His Pay to Buy Firm’s Stock
Berkshire Hathaway Inc. Chief Executive Officer Greg Abel said he will use all of his take-home pay to acquire the conglomerate's stock for as long as he's in the role. To that end, Abel bought up ...
U.S. to Reinsure Maritime Losses in Gulf Up to $20B
The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development ...
‘Black Swan’ Risks Stalk Container Carriers in Avoiding Iran War
The Iran conflict has thrust container shipping from an industry bracing for a capacity glut to another potential "black swan" supply crunch. That paradigm shift dawned on the more than 3,500 ...
Carriers See Higher Claims Severity Amid Medical, Social Inflation and Growth in AI‑Generated Fraud
Carriers across North America are reporting higher claims complexity and rising costs as medical inflation, litigation behavior and emerging AI‑enabled fraud reshape the claims environment, a new ...
Liberty Mutual ‘Shifting from Fixing to Building’ in 2026, CEO Says
Liberty Mutual's underwriting results across its businesses came in ahead of targets the company set three years ago when the business was unprofitable, the chief executive reported yesterday, also ...
War Insurance Available for Ships Crossing Hormuz, LMA Says
Insurance offers are being made for vessels seeking to transit the Strait of Hormuz, the Lloyd's Market Association said, a sign that it is safety risks and not cover that are the main impediment ...