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Berkshire Hathaway takes wait and see approach before committing to AI revolution
“We are not very good in terms of being the fastest or the first mover,” Jain said, adding that Berkshire prefers to “wait and see until the opportunity crystallises.” His remarks suggest that the conglomerate, which is currently navigating profit pressure and a major leadership transition, is unlikely to make large-scale AI bets any time…

White Mountains Insurance reports surge in GWP
WM Outrigger Re, another key insurance operation, reported a sharp increase in premiums, with gross written premiums rising to $38 million in the first quarter, up from $34 million in Q1 2024. However, its combined ratio was significantly higher at 166%, primarily due to losses related to the California wildfires. Source link

Arkansas mandates E&O or professional liability insurance for licensed home inspectors under HB1625
Licensed home inspectors in Arkansas will now need to carry more specialized insurance coverage following the enactment of House Bill 1625, now designated Act 974. Approved on April 22, 2025, the law amends Arkansas Code § 17-52-318(a) to replace the general liability insurance requirement with a mandate for either a professional liability insurance policy or…

MSCI working with Moody’s to offer new independent risk assessment services
Rob Fauber, president and CEO of Moody’s, noted that the partnership will provide valuable insights to help investors, including insurers, assess credit risk and make informed decisions. Henry Fernandez, chairman and CEO of MSCI, emphasized the need for greater transparency and clarity in the private credit market, which is seen as essential for the insurance…

Willis on a major business opportunity for manufacturers
“Being green is often seen more as a cost and a burden than a profitable business proposition, but our survey suggests that perception is changing,” he said. “As manufacturers adopt smart technologies to drive greener, safer and more efficient production, they are not only reducing their environmental footprint but also strengthening their competitive edge.” Source…