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The demand for data centers is skyrocketing as artificial intelligence (AI) technologies rapidly evolve. This growth is pushing traditional infrastructure and the insurance industry to their limits. A recent report from Goldman Sachs predicts that global data center power consumption will increase by 160% by 2030, mainly due to AI workloads. This surge means that … Read more

Cyber insurance is no longer just for large companies. As small businesses face increasing digital threats, more are looking to protect themselves. BOXX Insurance is leading this shift, offering tailored cyber insurance solutions for small and medium-sized enterprises (SMEs) and solo entrepreneurs. Neal Jardine, the chief cyber intelligence and claims officer at BOXX, emphasizes that … Read more

Fairfax Financial Holdings Limited has announced impressive financial results for the second quarter of 2025. The company reported net earnings of $1.44 billion, which translates to $61.61 per diluted share. This is a significant increase compared to $915.4 million, or $37.18 per diluted share, during the same period last year. As of June 30, 2025, … Read more

A Japanese company has put a stop to building a $1.6 billion battery factory in South Carolina. The company, AESC, is pausing construction due to uncertainty in policies and the market. This factory was meant to supply batteries for electric vehicles made by BMW. AESC did not go into detail about the specific issues, but … Read more

Walmart is expanding its drone delivery service to five new cities as part of its effort to boost online sales and provide faster service to customers. The world’s largest retailer will roll out drone deliveries at 100 stores in Charlotte, North Carolina; Tampa, Florida; Atlanta; Houston; and Orlando. This move builds on its existing drone … Read more

Durable goods, such as appliances, electronics, and furniture, play a crucial role in both households and industries. The U.S. Census Bureau reports that the durable goods manufacturing sector is worth $2 trillion, making it a key part of the national economy. Businesses involved in this sector, whether they manufacture or distribute these long-lasting products, are … Read more

Insurance Journal has announced an extended deadline for its Top 100 Agencies and Top Agency Partnerships ranking. Agencies now have until June 10 to submit their entries for the 2025 rankings. This is a great opportunity for independent property and casualty insurance agencies to gain recognition in their communities. There are four categories for agencies … Read more

Rising sea levels and more intense storms are changing the landscape for commercial property insurance, especially in coastal areas. Insurers are now taking a more cautious approach to their policies, with significant impacts being felt from Connecticut to northern Maine. Tony O’Donnell, a senior vice president at Jencap, highlights that the effects of climate change … Read more

Hanwha Life, a prominent life insurance company from South Korea, has made a significant move by acquiring a 75% stake in Velocity Clearing LLC, a financial services firm located in New York. This deal, which was finalized on July 30, 2025, involved purchasing shares from an affiliate of Cerberus Capital Management LP. This acquisition is … Read more

The Red Sea is facing renewed tensions that threaten global trade. Yemen’s Houthi militants have announced plans to intensify their attacks on merchant ships, specifically targeting vessels linked to Israel, regardless of their country of origin. This announcement comes after the group claimed responsibility for sinking two cargo ships, the Magic Seas and Eternity C, … Read more