Author: completebodyneeds

U.S. President Donald Trump is expected to sign an executive order on AI and cybersecurity as soon as Thursday, two sources familiar with the matter told Reuters, as pressure grows from parts of his political base to increase oversight of new AI models, such as Anthropic’s Mythos. The White House was working to get AI company CEOs to a signing ceremony with President Donald Trump, another source familiar with the planning said. The order would create a voluntary framework for AI developers to engage with the U.S. government about the public release of covered models, the sources said. Under the…

The U.S. property/casualty insurance industry is expected to see underlying growth decrease 3.7% for the first half of 2026 as it deals with economic uncertainty. The industry grew 1.6% in 2025, but a report from the Insurance Information Institute (Triple-I) and Milliman said replacement costs are projected to grow 2.1% for the first half 2026. Replacement costs are forecast to exceed U.S. inflation by 2028, “reinforcing the need for continued price discipline across P/C lines,” according to the report. The look-ahead hinges on the Federal Reserve’s interest rate decisions, with a holding pattern currently in place as the market monitors…

War has overtaken civil unrest as the political violence exposure that companies fear most, as conflicts in Europe and the Middle East disrupt global trade flows, strain political alliances, embolden adversarial powers and heighten risks to business assets, according to the Allianz Risk Barometer 2026. War was identified as the political violence exposure most feared by companies, surpassing civil unrest to garner 53% of the votes in the 2026 Allianz Risk Barometer, climbing from 48% in 2025. Allianz noted political risks and violence climbed to number seven in the Risk Barometer, its highest position ever (compared to number 9 in…

Containment has continued to increase on the Sandy fire in Simi Valley, which prompted evacuation orders for tens of thousands of people in Ventura County earlier this week. Though fire activity has slowed, the blaze still poses danger, fire officials said. The fire is 22% contained and has burned 2,115 acres. It had been only 15% contained on Wednesday morning. Evacuation orders are still in effect for several areas. Despite continued warm temperatures and gusty winds, overall fire activity currently remains minimal, according to CalFire. “Firefighters continue to make strong progress on the fire by utilizing direct suppression tactics to…

A U.S. jury found Takeda Pharmaceutical liable for causing about $885 million in damages by delaying a generic version of its constipation drug Amitiza through an anticompetitive scheme. Jurors in federal court in Boston, following a five-week trial, sided with wholesalers, insurers, health funds and retailers including CVS and Walgreens who said the delay forced them to overpay for the drug. The award could rise to several billion dollars. Federal antitrust law that covers the bulk of the plaintiffs’ claims allows damages to be automatically tripled, meaning $821.7 million of the jury’s award could swell to $2.47 billion. Japan-based Takeda…

The Archdiocese of New York (ADNY) has received the go-ahead to depose Chubb Insurance CEO Evan Greenberg in the ongoing legal dispute over liability insurance coverage for clergy sex abuse claims. Chubb sought to block the ADNY from deposing Greenberg, arguing that his testimony is unnecessary and irrelevant because the desired information could be gathered from other officers in the company. However, a court appointed special referee has denied Chubb’s request to preclude Greenberg’s deposition. The ADNY is suing Chubb insurers over their refusal to cover any of the thousands of clergy sex abuse claims it has faced since the…

This article is part of a sponsored series by Amwins. For years, business auto coverage was quietly bundled into large commercial insurance packages where general liability, property and workers’ compensation took center stage. As loss ratios have worsened, however, insurers are rethinking this model, unbundling auto insurance from packages and pushing it into the specialty market. The shift is reshaping how transportation underwriters view business auto risk and raising the stakes for insureds seeking competitive monoline quotes – leading to widespread non-renewals of just the auto portion of packaged policies. Retail carriers are forcing insureds, particularly those with mixed fleets…

Sands Point Risk, a multi-program managing general agency platform, has acquired Launch Environmental Underwriters, a provider of environmental general liability insurance. Jersey City, New Jersey-based Launch focuses on complex risks across the energy, infrastructure, construction, chemical, mergers and acquisition, and industrial sectors. The terms of the transaction were not disclosed. Stamford, Connecticut-based Sands Point said Launch will serve as the cornerstone of its environmental practice. Sands Point Risk was itself launched in 2024 to serve the transaction liability insurance sector with the support of private equity firm Avesi Partners. Dennis Kearns, who founded the transaction risk program at DUAL, is…

The global oil bottleneck in the Strait of Hormuz has generated an enviable—and politically sensitive—financial windfall on the other side of the world in New Mexico, a rare Democratic-dominated state where fossil fuels are a bedrock of progressive social services. New Mexico produces more oil than any other state besides Texas, and the state’s revenue from taxes, royalties and lease sales helps cover the cost of college tuition, all school meals, health insurance and a new initiative for free universal child care. Now that oil prices are surging from the conflict with Iran, money is flooding into the state treasury…

Nearly nine-in-10 workers’ compensation treatment request denials in California were overturned by independent medical review, a new report shows. The California Department of Industrial Relations and its Division of Workers’ Compensation released the annual report on the department’s IMR program. The report summarizes IMR activity in 2025, the 13th year since the program was implemented. The report shows the organization that administers the program, Maximus Federal Services Inc., received 201,037 IMR applications and issued 152,351 final determination letters. Throughout the year, the organization issued decisions an average of six to seven days after receiving all required medical records, according to…