Risk Theory, a specialty insurance platform, announced it has completed the acquisition of Roundhill Express, a specialized managing general agent (MGA) underwriting commercial habitational properties throughout New York City. Roundhill Express operates in New York City’s commercial habitational market through …

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 stablecoins, expanding digital asset insurance capabilities for clients, and supporting more efficient …

Specialty insurer Beazley said it has reached an agreement to acquire kWh Analytics. Terms of the deal were not disclosed. kWh Analytics, a managing general agency, combines data with advanced analytics to deliver insurance and risk management solutions for clean …

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 …

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’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 …

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 …

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 …

An Indiana church seeking payment at replacement-cost level for fire damage to its property learned the hard way that procrastination can carry a price tag. A federal appeals court ruled last week that Church Mutual does not owe replacement-level coverage …

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 …

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 …

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 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 …

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 …

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 …

Amazon’s robotaxi unit Zoox is expanding testing to Dallas and Phoenix and launching a command hub for fleet operations in Arizona, as it looks to widen its footprint in the U.S.’s increasingly competitive autonomous taxi market. The move will expand …

Risk Placement Services Inc. acquired Agoura Hills, California-based S Philips Surety & Insurance Services Inc. The S Philips team will remain in its current location under the direction of Jeremy Crawford, head of RPS’s surety bond operations. S Philips provides …

Until recently, a call coming into the Danbury Fire Department meant alarms and tones immediately blasting at high volume — startling the firefighters before they headed out to scenes that could get their hearts pumping even faster. Capt. Kevin Lunnie …

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 …

Mosaic Insurance, headquartered in Hamilton, Bermuda, made leadership hires to finpro lines across North America. In New York City, John Soular joined the company as senior vice president, miscellaneous professional liability. With more than 20 years of experience in professional …