AI ‘Arms Race’ Still Poses Global Stability Risk, BIS Chief Says
The artificial intelligence boom remains a global financial stability danger that risks more damage than past crashes, the Bank for International Settlements chief said. Pablo Hernandez de Cos reiterated a warning delivered by his institution in June, observing that investors’ …
What Do We Remember About 9/11? Whom Do We Remember?
Where were you on September 11, 2001, when you heard that at 8:46 a.m. a hijacked American Airlines Flight 11 crashed into the North Tower of the World Trade Center (WTC) in Manhattan? And that minutes later hijackers crashed United …
Powerful El Niño Nears Record Strength, US Forecasters Say
The powerful El Niño that’s already disrupting global weather patterns has a 75% chance of becoming “a historic event,” surpassing all records dating back to 1950, the US Climate Prediction Center said. El Niño will likely keep getting stronger through …
Lawmakers Call for New AI Rules After Anthropic Researchers’ Safety Warnings
U.S. lawmakers this week called for new rules to govern AI, after an Anthropic researcher went public with his concerns about the technology escaping human control. The reaction was broader than after previous statements from OpenAI and Anthropic staffers about …
Florida Posts New Workers’ Comp Rules on Physician Dispensing, Immigration Forms
The Florida Division of Workers’ Compensation has posted finalized rule changes in keeping with a recent court decision on physician dispensing of medication, along with new rules requiring the latest federal immigration status forms for workers. Six months after a …
People Moves: Burns & Wilcox Adds New West Coast Associate Managing Directors
Burns & Wilcox, headquartered in Famington Hills, Michigan, hired Winston Rendall and Sandra Shambaugh as associate managing directors for the West region. Rendall comes to Burns & Wilcox with 10 years of experience. Most recently, he was vice president of …
9/11 and Its Many Griefs Land Differently in America 25 Years Later
When the planes crashed and the buildings fell on that sunny September morning 25 years ago, the shock waves of dismay and grief went far past downtown New York City, rural western Pennsylvania and just outside Washington, D.C. They radiated …
25 Years Later: IJ’s Past and Continued Coverage of the Insurance Impact of 9/11
The terrorist attacks of September 11, 2001 shocked the nation and left nearly 3,000 dead. In today’s dollars, 9/11 caused $60 billion in insured losses. In the aftermath, the industry responded with state-filed requests to exclude terrorism coverage, which had …
Arrow Bank to Acquire Skene Valley Agency in Upstate New York
Bank holding company Arrow Financial Corp. announced that Upstate Agency, LLC, a subsidiary of Arrow Bank National Association, has agreed to acquire Skene Valley Agency, Inc., an independent insurance agency in Washington County in upstate New York. Founded in 2002, …
Louisiana Man Pleads Guilty to Burning Church
A Louisiana man has pled guilty in federal court to committing arson in connection with the malicious burning of St. John Chapel in Caldwell Parish in the early morning of March 27, 2026. Anthony Dillon Jr., 19, of Columbia, faces …
KingsCover Rebrands as Dominion First
KingsCover Insurance Services, a specialty agency serving churches and ministries, has rebranded as Dominion First Insurance Services. The name change does not affect ownership, leadership, staffing, or client policies — the agency continues under the same team that built its …
Iowa-Based Technology Company to Settle Discrimination Lawsuit
Lely North America, Inc., an international agricultural technology company headquartered in Pella, Iowa, agreed to resolve a discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. The EEOC’s charge investigation found that Lely violated …
Jencap Acquires North Dakota’s Concorde
Jencap Group announced that it has acquired Concorde General Agency (Concorde), a regional wholesaler specializing in personal lines, commercial lines, and farm and ranch insurance. Fargo, North Dakota-based Concorde will continue operating under its well-established brand as part of the …
New York Proposes Rule to Require Prior Approval of Auto Insurance Rate Hikes
New York officials are moving to require auto insurers to obtain prior approval before implementing any increases in private passenger insurance rates. The New York State Department of Financial Services (DFS) has proposed a regulation amending the process for insurers …
Oregon Proposes 2.1% Increase in Pure Premium Workers’ Comp Rates for 2027
Oregon employers will pay 92 cents per $100 of payroll for workers’ compensation coverage on average in 2027, a rate that would be the second lowest on record. A proposal from the Oregon Department of Consumer and Business Services calls …
Amazon Seen as Shielded from Liability for Miami Cargo Plane Crash
When the cargo plane came to rest 1,300 feet past the end of the runway at Miami International Airport, its nose sat flush with the ground, the tail — and the billboard-sized Amazon.com Inc. smile painted on it — jutting …
How 9/11 Changed the Way America Surveils its Citizens
Twenty-five years after 9/11, the surveillance infrastructure built and expanded in its aftermath has become part of a far larger digital ecosystem — producing tools that can collect and analyze information on a scale unimaginable in 2001. The terrorist attacks …
Nike Faces Investor Challenge Over Gender-Transition Surgery for Minors
A group of conservative investors is pressing companies to stop covering gender-transition surgery for minors in employee health plans, and Nike Inc. is their latest target. Inspire Investing, which oversees $5.4 billion, is leading an investor campaign that includes the …
Viewpoint: Clients Prefer AI to Human Advisers When Details Are Embarrassing
When and why do clients prefer to use artificial intelligence rather than a human adviser? It’s a question attracting much attention as AI advisers flood the marketplace. A recent study from the MIT Sloan School of Management introduces a new …
NATO Allies Foil Russian Subsea Cable Sabotage Plot
Deep in Arctic waters near the remote Svalbard archipelago this spring, NATO allies caught Russian subs training to unleash a secret weapon designed to disable critical undersea cables without leaving any fingerprints. The clandestine Russian operation, described to Reuters by …