Insurance Journal News Feed

Insurance Journal news feed

1. Tugboat in California Closes $3M Seed Round to Expand Claims Support

   Tugboat, a consumer insurance platform that helps homeowners with property damage and insurance claims, announced an oversubscribed $3 million in seed funding to scale its platform and offer expanded claim support for homeowners. The round was led by ResilienceVC with …

2. Tech Update: Willis Unveils Tool to Help RMs Respond to Climate-Related Property Risks

   Willis, a WTW business, unveiled a new version of its Climate Diagnostic model to help risk managers better understand and respond to climate‑driven volatility affecting property insurance markets. Embedded within WTW’s Risk IQ platform, Climate Diagnostic is a climate risk …

3. Anthropic Block Marks US Reversal, Warning to Silicon Valley

   The extraordinary move by the US to bar foreign access to Anthropic PBC’s best AI models underscores the Trump administration’s newfound willingness to exert control over a pivotal industry. It also reminds Silicon Valley that it’s working with an imperfectly …

4. Baldoni, Lively Fight Ends With Actress Awarded Legal Fees But No Damages

   Blake Lively can recover some legal costs from fellow actor and director Justin Baldoni but not punitive damages and other relief she sought after settling her legal claims over their 2024 film “It Ends With Us,” a judge ruled Friday. …

5. Scouring the Strait of Hormuz for Mines Could Take Weeks

   Ensuring the Strait of Hormuz is safe from mines could delay a return to normal shipping traffic by weeks following a deal to reopen the waterway, shipping and maritime security sources say. The operation by conventional minesweepers and state-of-the-art underwater …