Policymakers around the world are readying measures to absorb surging energy and commodities prices triggered by the Middle East war that now threaten the global economy with its biggest shock since the pandemic. What were cast as dire scenarios when …
Global Leaders Race to Shield Their Economies From War Shocks Read More »
Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI’s changing needs. The collapsed talks created an opening for Meta Platforms Inc. to step in and …
Oracle and OpenAI End Plans to Expand Flagship Data Center Read More »
Iran’s Revolutionary Guards said on Tuesday they would not let any oil be shipped from the Middle East if U.S. and Israeli attacks continue, prompting President Donald Trump to say the U.S. would hit Iran much harder if it blocked …
Iran Says Oil Blockade Will Continue Until Attacks End; Trump Threatens Heavier Strikes Read More »
At least a dozen clusters of ships have appeared near the Strait of Hormuz, a likely sign of elevated electronic interference around the waterway that’s central to the US and Israeli war against Iran. The groups, which can number more …
Vast Ship Clusters and Speeding Tankers Point to Hormuz Jamming Read More »
A new regulation requires Louisiana insurers to provide premium discounts to residential properties that obtain a Fortified designation in accordance with standards put forth by the Insurance Institute for Business and Home Safety (IBHS). Fortified homes in the central and …
Louisiana Regulation Sets Mandatory Discounts for Fortified Homes Read More »
An Indiana church that sought payment at replacement-cost level for fire damage to its property learned the hard way that procrastination can carry a price tag when it comes to settling insurance contracts. A federal appeals court ruled last week …
7th Circuit: Church Not Owed Replacement-Cost Payment for Fire Damage Read More »
A Wisconsin man who allegedly told police he tried to set fire to a Republican congressman’s office last year because he was angry that the lawmaker backed a bill requiring TikTok’s Chinese owner to sell off its U.S. operations was …
Man Receives 7 Years in Prison for Setting Fire Due to Anger Over TikTok Ban Read More »
Excitement about adopting artificial intelligence technology is palpable in the insurance industry, but the reality is that while most carriers use artificial intelligence technology, few use AI at more than a small scale— and the vast majority of adjusters say …
Carriers Using AI for Claims But Adoption is Fragmented, Report Shows Read More »
To coincide its 10-year anniversary, Insurify launched what it called the first ever insurance app on OpenAI’s directory, which caused the stocks of brokers to take a hit due to disruption fears. Well, that’s not exactly true. While Insuify did …
Insurify’s Founders Discuss Evolution of Insurance Shopping With AI Read More »
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 over usage restrictions on its technology. Anthropic said in its …
Anthropic Sues to Block Pentagon Blacklisting Over AI Use Restrictions Read More »
