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Category: Insurance Journal

Anthropic’s Claude Chatbot Goes Down for Thousands of Users
Insurance Journal | March 2, 2026
Anthropic’s Claude Chatbot Goes Down for Thousands of Users
Anthropic PBC’s artificial intelligence chatbot Claude and related consumer-facing applications went down on Monday, with the startup saying it has been grappling with “unprecedented demand” for its services over the past week. Nearly 2,000 users had reported Claude AI service …
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent
Insurance Journal | March 2, 2026
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent
NASCAR racing star Kyle Busch and his wife have settled an $8.5 million lawsuit they brought against Pacific Life Insurance and an insurance agent that alleged the insurer and agent misled the couple and caused them to lose millions of …
Novartis Settles Lawsuit by Lacks’ Estate Over ‘Stolen’ Cells
Insurance Journal | March 2, 2026
Novartis Settles Lawsuit by Lacks’ Estate Over ‘Stolen’ Cells
Novartis has settled a lawsuit by the estate of Henrietta Lacks that alleged the pharmaceutical giant unjustly profited off her cells, which were taken from her tumor without her knowledge in 1951 and reproduced in labs to enable major medical …
California Is Reconsidering Nuclear Energy After 50-Year Ban
Insurance Journal | March 2, 2026
California Is Reconsidering Nuclear Energy After 50-Year Ban
Amid a worldwide resurgence of interest in nuclear energy, cracks are showing in California’s 50-year-old moratorium on the technology as artificial intelligence spikes electricity demand and the state struggles to meet its climate goals. New state legislation introduced last month …
Deep Freeze and Drought Fueled a Massive Florida Wildfire
Insurance Journal | March 2, 2026
Deep Freeze and Drought Fueled a Massive Florida Wildfire
Firefighters in southwest Florida on Friday continued battling an expansive blaze on a federal nature preserve as an unusually intense winter drought grips the state. The National Fire has burned more than 25,700 acres — an area larger than Manhattan …
SEC Gave Companies More Power Over Investors but Lawsuits Pushed Them Back
Insurance Journal | March 2, 2026
SEC Gave Companies More Power Over Investors but Lawsuits Pushed Them Back
A new federal approach giving U.S. companies more say over which proposals shareholders can vote on at their annual meetings is creating regulatory uncertainty and leading to litigation, activists said. The U.S. Securities and Exchange Commission in November changed its …
Amazon’s AWS Reports Outage After UAE Data Center Struck by ‘Objects’
Insurance Journal | March 2, 2026
Amazon’s AWS Reports Outage After UAE Data Center Struck by ‘Objects’
Amazon’s cloud-computing facilities in the Middle East faced power and connectivity issues on Monday after unidentified “objects” struck its data center in the United Arab Emirates. The objects had triggered a fire on Sunday that forced authorities to eventually cut …
Insurers Urge Australia to Launch $21 Billion Flood Defense Fund
Insurance Journal | March 2, 2026
Insurers Urge Australia to Launch $21 Billion Flood Defense Fund
Insurers in Australia are urging legislators to set up a A$30 billion ($21.4 billion) flood defense fund as the nation grapples with surging costs from extreme weather events. Funding would be used on tasks including the addition of more flood-protection …
Hedge Funds, Insurers Rush to Gauge Exposure as Iran Spirals
Insurance Journal | March 2, 2026
Hedge Funds, Insurers Rush to Gauge Exposure as Iran Spirals
Hedge funds, banks and insurers rushed to size up their exposure to the Middle East after weekend attacks on Iran fueled chaos across the region. Some of Taiwan’s largest life insurers, including Cathay Life Insurance Co. and Nan Shan Life …
Travel Chaos Worsens as Iran Conflict Shuts Mideast Airports
Insurance Journal | March 2, 2026
Travel Chaos Worsens as Iran Conflict Shuts Mideast Airports
Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the Persian Gulf extended blanket flight suspensions, causing major disruptions at some of the world’s busiest airports. Emirates, the world’s largest …