INSURANCE NEWS
US to Launch AI and Cybersecurity Coordination Group, White House Says
The U.S. will formally bring together AI developers and essential services providers to share information on cybersecurity vulnerabilities identified by advanced AI systems and coordinate responses, according to a White House statement, fulfilling U.S. President Donald Trump’s order from June. …
AI Backlash Builds in President Trump’s Mar-a-Lago Backyard
A vote in Palm Beach County on whether to allow the construction of a digital infrastructure hub to house AI data centers and warehouses is set to show the strength of Florida’s efforts to rein in the technology industry. Project …
Business Moves: Duck Creek Buys Send to Create Novel Agentic Solution
Insurance industry software-as-a-service provider Duck Creek Technologies said it has acquired commercial underwriting platform Send Technology Solutions. Duck Creek said together the companies will create the “first and only agentic solution to unite core insurance operations and intelligent underwriting workflows …
Iran Threatens to Block More Vital Seaways as Trump Orders Renewed Iran Blockade
Iran threatened on Wednesday to shut off more regional energy exports, after the U.S. reimposed a naval blockade of Iranian ports and both sides launched more strikes as they vie for control of the Strait of Hormuz. The apparent threat …
Russian Strike on Ukraine’s Odesa Kills Three as Moscow, Kyiv Battle Over Black Sea
Russia and Ukraine stepped up their battle over the Black Sea and key trade routes on Wednesday, with Moscow killing three people in an attack on the Ukrainian port city of Odesa and Kyiv’s drone forces striking Russian shipping. Odesa …
OpenAI Unaware of ‘Any Evidence’ Showing Apple Lawsuit Has Merit
OpenAI said on Tuesday that it’s “not aware of any evidence” that an Apple Inc. lawsuit alleging trade-secret theft has merit. The latest remarks come four days after Apple filed the suit, which claimed that OpenAI took proprietary technology to …
AI Bumps Power Cost 60% as Mega US Grid Fails to Hit Supply Goal
Power-hungry data centers have increased supply costs for the largest US electric grid by more than 60%, the system watchdog said. PJM Interconnection LLC, which serves 13 states and Washington, DC, said Tuesday that its auction to procure power for …
India’s Largest Nuclear Power Plant Hit by Data Breach
Ransomware group World Leaks has posted on the dark web a huge cache of files related to India’s largest nuclear plant, including purported blueprints of parts of its facilities and supplier details — information it labeled as coming from Reliance …
UK Sets Out Rules to Create Captive Insurance Regime
The UK has proposed rules to help encourage a potential new insurance market worth billions of pounds as part of a drive to boost competitiveness. The Bank of England and the Financial Conduct Authority laid out plans for a captive …
People Moves: Everest Appoints Hanrahan as Global Distribution & Chief Commercial Officer
Everest Group Ltd., headquartered in Hamilton, Bermuda, appointed Craig Hanrahan as Global Distribution & Chief Commercial Officer, effective August 1, 2026. He will continue to report directly to Jim Williamson, Everest president and CEO, serving as a member of the …
One Weather Firm Warns That New England Could See Big Hurricane This Season
All of the best-known storm forecasting services have predicted a mild 2026 Atlantic hurricane season. That includes Colorado State University, which last week revised its outlook to “well below normal” with just nine named storms, four hurricanes, and only one …
Markets/Coverages: Lemonade Enters Maine and Vermont Renters Insurance Markets
Digital insurer Lemonade has expanded availability of its renters insurance into Vermont and Maine. They become the 43rd and 44th states where Lemonade offers renters insurance. Lemonade lets renters use an app to obtain quotes, purchase policies, update existing policies, …