Industry News
Chubb Backing Trump’s $20 Billion Reinsurance Plan for Hormuz
Chubb Ltd. is partnering with the U.S. International Development Finance Corp. on a $20 billion reinsurance backstop aimed at reviving shipping in the Strait of Hormuz, a ...
P/C Statutory Results: The Highs and The Lows
A new report from S&P Global Market Intelligence is filled with information about record line-of-business loss ratios achieved in 2025—with some property/casualty lines coming in at record ...
Aon Announces Stablecoin Insurance Premium Payment Option
Global professional services firm Aon announced the first known stablecoin insurance premium payment among major global brokers. The proof of concept was backed by using trusted U.S. dollar-backed ...
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 ...
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 ...
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 ...