Author: completebodyneeds

As sweeping U.S. crypto legislation stalls, President Donald Trump’s regulators are set to fill the void, but efforts to write favorable rules for the digital asset industry will be contentious and could be overturned by future administrations. Deep-pocketed crypto companies have spent hundreds of millions of dollars over several years campaigning for legislation they say will put them on solid legal ground, but that effort is now stalled, with little time for lawmakers to reach a deal before the new Congress next year. That impasse has put the onus on Trump’s crypto-friendly regulators, particularly the Securities and Exchange Commission and…

This edition of International People Moves details appointments at the brokers Aon and Miller Bermuda. A summary of these new hires follows here. Aon CFO Reese Steps Down After 2 Years, Succeeded by Virana in Interim Role Insurance broker Aon plc announced that Edmund Reese is stepping down from his role as executive Vice President and Chief Financial Officer, effective immediately, to pursue opportunities outside the firm. He first joined Aon in Edmund Reese Aon appointed Nadin Virani as interim CFO, effective immediately, and Reese will serve as senior adviser to Aon President and CEO Greg Case, through August 16,…

Munich Re has reclaimed its position from Swiss Re as the largest of global reinsurers that use IFRS-17 accounting standards, while Lloyd’s has moved to the top ranking of non-IFRS-17 reinsurers, according to AM Best. Among IFRS-17 reporters, Munich Re is followed by Swiss Re, Hannover Re and SCOR, at second, third and fourth places, respectively, while Lloyd’s (in the non-IFRS-17 group of reinsurers) is followed by Berkshire Hathaway at number two, Reinsurance Group of America Inc. (RGA) in third place and Everest Re coming in at number four. The most notable change among the IFRS-17 reporting reinsurers is Munich…

The Mississippi Insurance Department has revoked the licenses of 59 insurance producers after they reportedly gave false information about their residences and then failed to show for a hearing. “The evidence is clear, these agents don’t live in Mississippi. They applied for a license here under false pretenses,” state Insurance Commissioner Mike Chaney said in a statement. “To put it simply, they lied, and lying on the application, misrepresenting the facts, leads to losing your license. It could also bring additional civil and criminal penalties.” The producers, engaged in selling federal health insurance coverage, were granted resident licenses in recent…

Meta Platforms Inc. is headed to court Tuesday for a high-stakes showdown with a coalition of state attorneys general over claims that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. In a case that carries enormous risk for one of the world’s most valuable tech companies, the top legal officers of 29 states are seeking not only massive financial penalties, but also court orders that could force Meta to change how it operates its platforms. The jury trial in federal court in Oakland, California, comes as social media companies are facing a global backlash…

The Miami Marine Stadium, considered a masterpiece of midcentury Brutalist architecture with its massive cantilevered roof and a stunning view of the city, opened in 1963 as the nation’s only race venue for powerboats, a major symbol of south Florida. The historic gem designed by a Cuban refugee was the backdrop of Elvis Presley’s 1967 film “Clambake” and a beloved venue of Gloria Estefan and the late Jimmy Buffett, who performed on a movable, floating stage. But since closing in 1992 after suffering serious damage during Hurricane Andrew, the 6,500-seat venue has fallen into disarray and today is fenced off…

The use of agentic artificial intelligence is benefiting research in cyber vulnerabilities faster than it is used to exploit them—so far, according to new research. Beazley Security’s “Q2 2026 Quarterly Threat Report” found agentic AI used in research drove a 36% quarter-over-quarter increase in newly disclosed vulnerabilities. However, vulnerabilities confirmed as actively exploited and added to the Cybersecurity and Infrastructure Security Agency’s (CISA) Known Exploited Vulnerabilities catalog rose only 10% during the same time. “The headline this quarter is that AI made the security industry’s job noisier without making the attacker’s job fundamentally different,” said Alton Kizziah, CEO of Beazley…

Three Wall Street giants used capital from the insurance industry to finance a large chunk of a $16 billion pipeline deal in Kuwait, a rare move for a Middle Eastern infrastructure transaction. Blackstone Inc., Brookfield Asset Management Ltd. and KKR & Co. opted for insurance-backed financing for the debt portion of the landmark deal, according to people familiar with the matter, who declined to be named discussing private information. Financial advisers including HSBC Holdings Plc and JPMorgan Chase & Co. had put together a multibillion-dollar package comprised of more conventional bank debt, though the buyers ultimately decided against using it,…

Alliant Insurance Services has promoted Martin Newman to Managing Director, Energy Operations, Alliant Property & Casualty. Based in Dallas, Newman specializes in partnering with energy operators and private equity investors to develop innovative risk and insurance solutions for an increasingly complex range of exposures. In his expanded role, Newman will maintain his core production responsibilities while working alongside Alliant Energy leadership to drive continued growth, enhance client service and strengthen the firm’s capabilities across the energy sector. Newman’s appointment comes at a pivotal time for the energy industry as companies navigate a rapidly evolving risk landscape shaped by geopolitical uncertainty,…

The Indiana Attorney General’s office is warning citizens to be aware of scammers targeting residents in the wake of the powerful derecho and widespread flooding across the state. “Thousands of Hoosiers are assessing damage and beginning the hard work of rebuilding,” Attorney General Todd Rokita said. “These fraudsters prey on people at their most vulnerable. Do your homework, be tenacious, demand everything in writing, and make sure your resources go to legitimate recovery—not into the pockets of con artists.” Indiana law requires that contracts for residential repairs or improvements exceeding $150 must be in writing and include, at a minimum:…