Specialty
Details TBD: Berkshire’s Jain, Abel Describe Tokio Marine Strategic Pact
Some details of a long-sought-after partnership with Tokio Marine aren't precisely defined, instead relying on the good faith dealings and reputation of the Japanese insurance giant, Berkshire ...
Berkshire, Cyber Risk and the Strait of Hormuz: Insurability Hinges on Price
During the recent Berkshire Hathaway annual meeting, Chief Executive Officer Greg Abel told shareholders that the conglomerate's decisions on investments and acquisitions depend on several factors, ...
NYC Begins 10 Days of Flying Taxis With Manhattan-JFK Flights
Joby Aviation Inc. is planning to fly electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise ...
Insurance’s Data Problem Comes Into Focus at Hormuz
In recent weeks, the Strait of Hormuz has forced the marine insurance market into real-time decision making. War-risk premiums have moved by multiples in days. Notices of cancellation have triggered ...
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East
When it comes to Anthropic's Mythos as friend or foe, Chubb CEO Evan G. Greenberg said the "arms race is on." Speaking during a conference call to discuss first quarter earnings, Greenberg told ...
How Niche Insurance Shielded Bad Bunny From Bad Weather
Bad Bunny had a problem. Days before the Puerto Rican mega-star was set to perform in Colombia earlier this year, the possibility of heavy rains threatened to turn three sold-out shows in Medellin ...
Toxic Gas-Emitting Plants Get Pollution Reprieve Under Trump
After teacher Janet Rau learned that a carcinogenic gas was being released from an industrial plant near her school in 2019, she started a campaign for more oversight. Five years later, the ...
SEC’s Power to Recoup Illicit Profits Challenged at Supreme Court
Three times over the past decade, the US Supreme Court has cut the Securities and Exchange Commission's ability to extract millions of dollars from alleged wrongdoers. Critics of the commission say ...
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud
The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges they defrauded ...