Author: completebodyneeds

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 AM Best on AI use – measuring the gap between basic, preliminary adoption and measuring transformational outcomes. Nearly 60% of respondents expect AI to significantly transform their business model within the next one to three years. But approximately just one in five say that their AI implementation is already at an advanced stage. Approximately 150 rated carriers and managing general…

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, Maine, the Boston Globe reported, citing a longtime friend, Jim Segel. Politico had reported in April that he had entered hospice care at home while dealing with congestive heart failure and writing one last book. Frank was well into his third decade representing Massachusetts’ fourth district — and well known as the first member of Congress to have voluntarily identified…

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 be based in the Netherlands and will report to Pierre-Edouard Fraigneau, president, Liberty Europe. Kooijman joins Liberty from Everest, where she served as head of Northern Europe, playing a key role in accelerating regional growth and strengthening strategic broker relationships across the market. She has more than 30 years of international insurance experience, having previously held senior leadership positions at…

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 never came. He now hopes his insurance adjuster will declare it a total loss so he will not need to spend money on pricey fuel to harvest it next month. Soaring costs of fuel and commercial fertilizer in the wake of the Iran war are making hard times worse for farmers across the U.S. Plains states of Texas, Kansas, Oklahoma,…

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 policies are designed to provide customizable, best market-standard coverage in clear and simple language. For multinational customers, BHSI can provide local policies in more than 178 countries worldwide. “Swiss domestic and international companies are facing an ever‑challenging risk landscape. With our new products, we aim to offer targeted and tailored solutions,” said Pascal Carrer, head of Casualty at BHSI Switzerland,…

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 oil and bound for Vietnam, had been bottled up off the coast of Dubai since late April. But on May 10 it set off for the strait after a direct deal with Iran overseen by Iraq’s prime minister. Iran’s orders to the tanker were part of a complex, multi-tiered mechanism that the country has deployed for clearing vessels through the…

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 Sunday in federal court accuses former Colleton County Clerk of Court Rebecca Hill of violating Murdaugh’s right to a fair trial and seeks punitive and compensatory damages and attorneys’ fees. Murdaugh spent $600,000 on his trial defense, according to the suit. In a unanimous ruling Wednesday, the state Supreme Court said Hill “egregiously attacked Murdaugh’s credibility” by suggesting to jurors…

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 passed bills (House Bill 449 and Senate Bill 229) earlier this year but Spanberger returned them with suggestions for amendments that included limiting the courts where class actions could be brought and making it easier for courts to dismiss such cases sooner in the process. Democratic Senate Majority Leader Scott A. Surovell and Democratic Delegate Marcus B. Simon were the…

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 in Louisville, Kentucky. Investigators probing the 2025 accident found Boeing issued a service letter in 2008 informing operators of McDonnell Douglas MD-11F cargo jets of fractures in a component of the plane’s engine mount called the spherical bearing that helps uniformly distribute loads across the structure. At the time, however, the planemaker determined the problem wouldn’t result in a safety…

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 with program focuses of construction, public entity and property. Clyde McKee III, Clyde McKee IV and their team will operate under RPS’s program administration division. RPS is the U.S. wholesale brokerage, binding authority and programs division of global broker Arthur J. Gallagher & Co. “McKee Risk Management brings a well-established platform and underwriting expertise that complement RPS’s programs offerings,” said…