US life insurers’ investment exposure to the artificial intelligence sector spiked in the first half of the year and is expected to keep growing, according to a report by Moody’s Corp.

Berkshire Hathaway Inc. investors are moving on after the departure of the firm’s legendary leader Warren Buffett, as shares hit a new high Wednesday.

Hartford Insurance Group Inc. appointed President A. Morris Tooker as its next chief executive officer, ending Christopher Swift’s nearly 13-year run at the helm of the insurer.

Oklahoma’s attorney general sued Allstate Corp., alleging the insurer schemed to minimize payouts to homeowners for wind and hailstorm damage in order to boost its profits.

Warren Buffett has decided to skip his midyear donations to the Gates Foundation for the first time in two decades, as he waits for the results of a review into the organization’s links to late sex offender Jeffrey Epstein, the Wall Street Journal reported late Monday.

Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new study by Columbia Business School researchers.