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After a year of kidnappings, assaults and armed home invasions targeting cryptocurrency holders, the industry is racing to harden its defenses. Conferences are beefing up security. Private firms serving crypto holders say demand has surged. Exchanges are protecting their executives. …

As more and more companies embed AI into select functions, only a portion indicate that they have used AI to change how an overall enterprise runs. It illustrates one of the key takeaways drawn from a recent industry survey by …

As bank executives increasingly tout the promise of artificial intelligence to slim down workforces, regulators are warning them not to get carried away. The European Banking Authority, the rulemaker for financial firms operating in the region, has been meeting with …

Two Democrats, one a longtime insurance agent, will face each other in a June 16 runoff election that will determine who will be on the November general election ballot for Georgia insurance commissioner. Keisha Sean Waites, a former state legislator …

Three new property insurance companies have entered the Florida market this spring, bringing to 20 the number of new carriers since Florida lawmakers ended assignment-of-benefit agreements and one-way attorney fees in 2023. “To date, these new companies since the legislative …

Scammers have been targeting Spanish-speaking workers, trying to trick them into paying fees to access workers’ compensation benefits around the South and West, officials said. The North Carolina Industrial Commission, which oversees workers’ comp in the state, warned in a …

Municipal workers’ compensation insurance pools in South Carolina now have another firefighter health condition presumption to consider, after the state’s governor signed House Bill 3163 into law. The law, which took effect upon Gov. Henry McMaster’s signature last week, adds …

Nearly nine-in-10 workers’ compensation treatment request denials in California were overturned by independent medical review, a new report shows. The California Department of Industrial Relations and its Division of Workers’ Compensation released the annual report on the department’s IMR program. …

The global oil bottleneck in the Strait of Hormuz has generated an enviable—and politically sensitive—financial windfall on the other side of the world in New Mexico, a rare Democratic-dominated state where fossil fuels are a bedrock of progressive social services. …

Sands Point Risk, a multi-program managing general agency platform, has acquired Launch Environmental Underwriters, a provider of environmental general liability insurance. Jersey City, New Jersey-based Launch focuses on complex risks across the energy, infrastructure, construction, chemical, mergers and acquisition, and …

Scott Irlbeck crouched in a field of stunted wheat plants in a parched stretch of West Texas and slipped his hand into a crack wide enough to swallow it. Last autumn, Irlbeck planted a crop that barely grew because rain …

Liberty Taps Kooijman as General Manager, Insurance, Netherlands, Belgium, Nordics Liberty Specialty Markets, part of Liberty Mutual Insurance Group, announced the appointment of Monique Kooijman as general manager for Netherlands, Belgium and the Nordics, subject to regulatory approval. Kooijman will …

Berkshire Hathaway Specialty Insurance (BHSI) announced the launch of two new casualty insurance policies in Switzerland: one multinational and another for domestic risks, both tailored for large corporate and upper middle market commercial and industrial organizations in Switzerland. The new …

Barney Frank, the quick-witted Democratic congressman who found himself on the front lines of the government’s rescue of the American financial system in 2007 and 2008, has died. He was 86. He died on Tuesday at his home in Ogunquit, …

Alex Murdaugh has filed a lawsuit against the court clerk whose behavior during his murder trial led the South Carolina Supreme Court to overturn his convictions and life sentence for the deaths of his wife and son. The suit filed …

The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz. The 330-meter-long Agios Fanourios I, laden with Iraqi crude …

Risk Placement Services, Inc. (RPS) reports it has acquired McKee Risk Management, Inc., a King of Prussia, Pennsylvania-based program administrator. Terms of the transaction were not disclosed. McKee Risk Management provides underwriting, policy administration, claims coordination and risk management services …

A US safety investigator said United Parcel Service Inc. decided not to take further action after reviewing a 2011 service letter from Boeing Co. that flagged failures of a key structural component in the type of plane that later crashed …

Virginia will remain as one of only two states where courts do not allow class actions. Gov. Abigail Spanberger, a Democrat, has vetoed a measure that would have initiated a procedure to allow class actions in state courts. The legislature …

Early fears that Anthropic’s new AI model, Mythos, could dramatically turbocharge hacking are looking overstated a month after its release. The company warned at launch in April that Mythos had uncovered thousands of software vulnerabilities — including flaws across every …