8. The Insurance Backstop cover art

8. The Insurance Backstop

8. The Insurance Backstop

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Episode Notes: The first thing that breaks in a global shock isn’t the headline price — it’s the boring layer underneath. Segment A: In the Gulf, the chokepoint isn’t only oil supply — it’s insurance capacity. Reuters reports war-risk premiums jumping from ~0.2% to as high as 1% of ship value in 48 hours, with some insurers terminating war-risk cover effective March 5. Segment B: In defense AI, the safety debate became procurement law. Nextgov breaks down how FAR pathways and “Other Transactions” shape who can restrict what. OpenAI is amending Pentagon contract language to ban intentional domestic surveillance of US persons. Segment C: Markets wait for Friday’s U.S. jobs report (Reuters survey ~150k jobs) as the macro hinge for the price of money — while AI disruption reshapes sector winners and losers. Sources: Reuters, Nextgov/FCW, Business Insider
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