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Home > News Feeds

News Center


News Archives - Insurance Journal

Cloudflare Resolves Global Outage That Disrupted ChatGPT, X
A worldwide outage at the network of cybersecurity firm Cloudflare Inc. has been resolved after several hours of disruption on Tuesday. The outage had taken down the websites for everything from the chief US energy regulator, ChatGPT, the New Jersey …

POSTED NOVEMBER 18, 2025 3:42 PM
CVS Settles for $18.2M Over California False Claims Act Violations
CVS Pharmacy Inc. has settled alleged violations of the California False Claims Act with California Attorney General Rob Bonta and the United States Department of Justice. The settlement agreement requires CVS to pay $18.2 million. It resolves allegations that between …

POSTED NOVEMBER 18, 2025 2:42 PM
Estimate to Rebuild Baltimore’s Key Bridge Doubles to $5 Billion
The price tag for rebuilding Baltimore’s Francis Scott Key Bridge is now more than double what officials estimated in 2024 right after the bridge was struck by a container shop and collapsed. The Maryland Transportation Authority (MDTA) yesterday updated the …

POSTED NOVEMBER 18, 2025 1:34 PM
Property Cat Reinsurance MGA, Bobcat Re, Launched in US by Former K2 CAT Execs
A new property-catastrophe reinsurance MGA, Bobcat Re, has been launched by a group of private investors, including former K2 CAT executives David Carson and James Sharpington as well as Glenn T. Jackson from Safepoint. Headquartered in Tampa and with an …

POSTED NOVEMBER 18, 2025 1:29 PM
No Firm Is Immune if AI Bubble Bursts, Google CEO Tells BBC
Alphabet Chief Executive Sundar Pichai said no company would be unscathed if the artificial intelligence boom collapses, as soaring valuations and heavy investment in the sector fuel concerns of a bubble. Pichai said in an interview with the BBC published …

POSTED NOVEMBER 18, 2025 9:33 AM
World Is Off Course on Pledge to Slash Heat-Trapping Methane
The world remains far behind global commitments to slash methane, according to a United Nations assessment that underscores the need for rapid, aggressive work to stifle emissions of the super pollutant. Fulfilling a pledge by roughly 160 nations to cut …

POSTED NOVEMBER 18, 2025 8:36 AM
AI-Induced Psychosis: The Danger of Humans and Machines Hallucinating Together
On Christmas Day 2021, Jaswant Singh Chail scaled the walls of Windsor Castle with a loaded crossbow. When confronted by police, he stated: “I’m here to kill the queen.” In the preceding weeks, Chail had been confiding in Sarai, his …

POSTED NOVEMBER 18, 2025 8:03 AM
Chubb Insurance Malaysia Files for Malaysia IPO
Chubb Insurance Malaysia Bhd has filed for an initial public offering on Bursa Malaysia to sell 300 million existing shares, or 30% of its issued capital, via an offer for sale by its sole shareholder, Chubb INA International Holdings, according …

POSTED NOVEMBER 18, 2025 7:19 AM
Purdue Pharma Gets Court Nod for Bankruptcy Exit, Sackler Deal
Purdue Pharma LP won court approval to exit bankruptcy, capping six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners. Judge Sean H. Lane said he will sign off on Purdue’s …

POSTED NOVEMBER 18, 2025 6:47 AM
Wall St Regulator to Consider Crypto Token Classification, Chair Says
The head of the U.S. Securities and Exchange Commission said the agency would soon consider establishing a classification for digital assets to help determine when they can be considered securities. “In the coming months, I anticipate that the Commission will …

POSTED NOVEMBER 18, 2025 6:19 AM

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