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In his first shareholder letter, Berkshire CEO Greg Abel draws a firm line on wildfire liability for energy holdings, even as Berkshire's own insurance operations absorbed nearly $1.8 billion in underwriting losses tied in part to the 2025 Los Angeles fires.
In his first shareholder letter, Berkshire CEO Greg Abel draws a firm line on wildfire liability for energy holdings, even as Berkshire's own insurance operations absorbed nearly $1.8 billion in underwriting losses tied in part to the 2025 Los Angeles fires.
Anthropic has rewritten its flagship safety framework to acknowledge that no single AI developer can unilaterally prevent catastrophe — and to explain what it will and won't commit to doing alone.
At first glance this week's AI-induced market meltdown was about tech stocks and broad macro fears, but the real danger may be embedded in life insurance and reinsurance.
Also, cat bonds are putting an increasing premium on wildfire risk.
