INSURANCE NEWS

Chevron Warns California Risks Fuel Crisis Unless Iran War Eases

Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war and that the company may quit refining oil in the state unless officials roll back taxes and regulations. California, the most populous US …
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Elon Musk Company Selects Proposed Mile-Long Dallas Tunnel

Elon Musk’s tunneling company will begin assessing its ability to construct a mile-long underground tunnel in South Dallas after a proposed project in the area was one of three winners of a company contest on Tuesday. The Boring Company has …
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AccuWeather Atlantic Hurricane Season Forecast: 11-16 Named Storms

AccuWeather’s first prediction for the 2026 Atlantic hurricane season calls for slightly below average activity. AccuWeather’s experts forecast 11-16 named storms, four to seven hurricanes, and two to four major hurricanes of Category 3 strength or greater for the hurricane …
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Crawford Claims Management Firm Names Swain CEO

Bruce Swain has been named Crawford & Company’s president and CEO. The company’s board of directors appointed Swain to the top post after serving a stint as interim president and CEO since Jan. 1. Atlanta-based Crawford this year launched a …
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Convex’s Chairman Catlin Steps Down, Succeeded by Onex CEO Le Blanc

Convex Group Ltd., the international specialty insurer and reinsurer, announced that Stephen Catlin, the company’s co-founder has decided to step down as chairman of the board. He will remain a director and has been elevated to the honorary title of …
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Baltimore Sues Elon Musk’s xAI Over Grok Sexual ‘Deepfakes’

The city of Baltimore sued Elon Musk’s xAI on Tuesday, claiming its Grok chatbot illegally generates nonconsensual sexually explicit images, including of children. Baltimore, with a population of about 568,000, is the largest city to sue xAI over “deepfakes” attributed …
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Iran Demands Crew, Cargo Details to Send Ships Through Hormuz

Vessels seeking to transit the Strait of Hormuz under Iranian protection are being asked to provide lists of crew and cargo, along with voyage details and bills of lading, in order to secure a green light from the Islamic Revolutionary …
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Iran Charges Some Ships Hormuz Transit Fees for Safe Passage

Iran has started charging transit fees on some commercial vessels passing through the Strait of Hormuz, another sign of Tehran’s control over the world’s most important maritime energy channel. Payments of as much as $2 million per voyage are being …
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Iran’s Military Rejects Trump’s Talk of Negotiation; Israel and Iran Launch Airstrikes

Israel and Iran exchanged airstrikes on Wednesday, as Iran’s military rejected President Donald Trump’s assertion the U.S. was in negotiations to end the war which has roiled energy and financial markets, saying the U.S. is negotiating with itself. The rejection …
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Iran Wiped 50 Israeli Firms’ Data, Hacked Cameras, Official Says

Iran-linked hackers have stepped up cyberattacks on Israel since the war began, wiping the data of over 50 small businesses and compromising dozens of security cameras, according to an Israeli official. Yossi Karadi, the director-general of the Israel National Cyber …
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Tech Update: Renaissance Unveils AI Upgrade to Its Member Platform

Independent agency network Renaissance said it made a major enhancement to its member platform, calling it the industry’s only fully integrated, artificial intelligence-enabled ecosystem built specifically for independent agencies. “Independent agencies are being asked to compete in a modern market …
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Crunchyroll Probes Breach After Hacker Steal User Data: BleepingComputer

Crunchyroll, a subscription-based anime streaming service, is probing a data breach after hackers claimed to have stolen personal information of nearly 6.8 million people, BleepingComputer reported on Monday. “We are aware of recent claims and are currently working closely with …
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