what we do
WHAT WOULD YOU LIKE TO DO TODAY?
INSURANCE NEWS
Oracle and OpenAI End Plans to Expand Flagship Data Center
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 …
Iran Says Oil Blockade Will Continue Until Attacks End; Trump Threatens Heavier Strikes
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 …
Vast Ship Clusters and Speeding Tankers Point to Hormuz Jamming
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 …
Louisiana Regulation Sets Mandatory Discounts for Fortified Homes
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 …
7th Circuit: Church Not Owed Replacement-Cost Payment for Fire Damage
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 …
Man Receives 7 Years in Prison for Setting Fire Due to Anger Over TikTok Ban
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 …
Carriers Using AI for Claims But Adoption is Fragmented, Report Shows
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 …
Insurify’s Founders Discuss Evolution of Insurance Shopping With AI
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 …
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 over usage restrictions on its technology. Anthropic said in its …
Florida House Gives Final Approval to Much-Debated Citizens Clearinghouse Bill
The Florida House of Representatives Monday night gave final approval to a Senate bill that will set up a clearinghouse to help offload Citizens Property Insurance commercial policies to admitted and surplus carriers—despite lingering opposition from a number of insurance …
For Survivors, Rhode Island Clergy Abuse Report Brings Vindication and Renewed Demands
The sound of the school nurse’s office door opening. Light reflecting off a stained-glass window. Tearful outbursts and fear of getting on the school bus. For many survivors of clergy abuse, memories like these linger for decades. A report released …
How US-Israeli War on Iran Is Upending Global Business
The U.S.-Israeli war with Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts. Below …
