AI to Double Data Center Power, Water Use by 2030, UN Researchers Say June 3, 2026 Data centers are expected to consume twice as much power and water by 2030 as they expand to meet the...
Wellington to Buy Hartford Funds for $1.9 Billion in Wealth Push June 3, 2026 By Loukia Gyftopoulou Wellington Management Co. agreed to buy the asset-management division of The Hartford as the Boston-based investment firm pushes ahead with...
Extreme Weather to Drive $20 Trillion in Spending June 3, 2026 By Olivia Raimonde Extreme weather will likely spur more than $20 trillion in global spending over the next decade, boosting sales and earnings...
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally June 3, 2026 By Laura Millan The value of uninsured natural-catastrophe losses rose more than 7% globally last year to $424 billion, with North America the...
SEC, Musk Defend Settlement After Judge Cites ‘Red Flags’ June 3, 2026 By Nicola M. White A proposed settlement between Elon Musk and the Securities and Exchange Commission to end the agency’s Twitter Inc. stake lawsuit...
Business Moves: Buy of Fortegra Completed by Korean Insurer DB June 3, 2026 The Fortegra Group said its acquisition by South Korea’s DB Insurance Co. has been completed. Jacksonville, Florida-based Fortegra will operate...
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete June 3, 2026 By Chad Hemenway Brokerage Acrisure has filed a federal lawsuit, accusing a former employee of using employees and intellectual property to peel away...
Amazon’s Ring Sued Over Facial Recognition Feature June 2, 2026 By Greg Bensinger Amazon was sued on Monday by a Virginia resident over what he said were privacy violations after the company’s Ring...
Anthropic Offers Mythos Model Access to 150 Additional Groups June 2, 2026 By Rachel Metz Anthropic PBC is allowing 150 additional organizations around the world to access Mythos, an artificial intelligence model aimed at finding...
People Moves: AXIS Appoints Su to Lead Alternative Risk, NA; Bloemers Hub’s New Chief Cross-Sell Officer; BHSI Names Wyatt Head of Marine for NA, UK June 2, 2026 AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Austin Su as head of alternative risk, North America. Su will...