State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Order
The National Council of Insurance Legislators have come out against President Donald Trump’s executive order last week, seen as a hinderance to state regulation of artificial intelligence. NCOIL officers in a statement on Dec. 15 said they are “greatly disturbed” …
POSTED DECEMBER 15, 2025 9:11 PM |
Pacific Northwest Braces for Even More Flooding Rain This Week
Washington and the Pacific Northwest are facing multiple rounds of torrential downpours this week, raising flood risks in the region as residents are still grappling with last week’s historic rains. Heavy rain was peaking Monday in Washington, where as much …
POSTED DECEMBER 15, 2025 6:45 PM |
AIG Gets Approval to Acquire Everest Renewals in 6 EU Countries – in Time for Jan. 1
AIG announced it has received approval to proceed with the acquisition of Everest Group’s renewals in Germany, France, Italy, Netherlands, Spain and Ireland. The European Union deal is part of AIG’s $2 billion acquisition of Everest’s retail commercial insurance renewal …
POSTED DECEMBER 15, 2025 6:33 PM |
White House AI Czar Defends Trump Push to Rein In State Rules
White House AI czar David Sacks defended President Donald Trump’s push to rein in state-level regulation of artificial intelligence over objections from Democrats, saying the move seeks to ease a growing compliance burden for companies. Under the directive signed by …
POSTED DECEMBER 15, 2025 5:45 PM |
Warren Buffett’s Successor Greg Abel Had Steady Rise at Berkshire
The elevation of Greg Abel to replace Warren Buffett at the helm of Berkshire Hathaway will cap the rise of a native Canadian who won over the legendary investor for being committed to the company’s culture, long-term thinking, and an …
POSTED DECEMBER 15, 2025 5:10 PM |
German Insurers Hold $108 Billion Illiquid Debt Pile, EIOPA Says
German insurers are the most exposed in Europe to illiquid corporate bonds, a top watchdog said in one of the most detailed reports to date on the industry’s investments in private credit. At €91.8 billion ($108 billion), more than 40% …
POSTED DECEMBER 15, 2025 4:58 PM |
Fairmatic in California Rebrands as LEEO With New Leadership
San Francisco, California-based Fairmatic, a commercial insurance company delivering data-driven fleet insurance using AI-powered technology and telematics, has rebranded and now has a new leadership team. LEEO officially launched on Monday after what the company says is a “a strategic …
POSTED DECEMBER 15, 2025 4:35 PM |
Gas Explosion in San Francisco Bay Area Damaged Homes, 6 Hospitalized
A gas explosion set off a major fire in a San Francisco Bay Area neighborhood last week after obliterating at least one home, blowing out windows and shaking nearby houses. Six people were taken to hospitals for injuries, fire officials …
POSTED DECEMBER 15, 2025 4:17 PM |
EU Announces New Sanctions on Companies and Individuals Over Russian Oil
The European Union has adopted fresh sanctions targeting companies and individuals accused of helping Moscow to circumvent Western sanctions on oil exports that help to fund Russia’s war in Ukraine. The EU has imposed 19 packages of sanctions so far, …
POSTED DECEMBER 15, 2025 3:55 PM |
India’s Nuclear Bill Spares Suppliers from Accident Liability
India’s new nuclear energy bill will spare equipment suppliers from liability in case of incidents, among other sweeping changes to the sector. The government introduced the bill in the lower house of parliament, seeking lawmakers’ approval on Monday. The existing …
POSTED DECEMBER 15, 2025 3:36 PM |