Author: completebodyneeds

A federal judge in Florida ordered two individuals to pay more than $30 million in restitution and penalties for allegedly defrauding more than 9,000 people in a scam involving crytocurrencies and precious metals, the US Commodity Futures Trading Commission said in a statement on Sept. 30. Default judgments were entered against Brian Early and Alisha Ann Kingrey, the CFTC said. The two were defendants in a 2023 lawsuit the CFTC filed against a trading website called Fundsz and its founder, Rene Larralde. The agency, which froze the company’s assets, alleged the fraud scheme promised guaranteed returns but instead made up…

A free market with limited government intervention has long been a pillar of Republican economic orthodoxy. Today’s Republican party has deviated from its laissez-faire economic roots. It has instead embarked headlong on populist economic policies. Policy initiatives exemplifying its populist agenda span a broad swath of the economy. They include pharmaceutical price fixing, restrictions on investors buying single family homes, imposition of tariffs, price controls, industrial policy, paying stay-at-home parents, controls on defense contractor executive compensation, and capping credit card interest rates. The GOP’s enthusiastic embrace of populist policies has even extended to property & casualty insurance. The administration’s interventions…

The Federal Trade Commission is scrutinizing OpenAI, Anthropic PBC and other artificial intelligence companies about the safety of their products amid high-profile cybersecurity incidents, according to a person familiar with the matter. The agency is preparing to send formal demands for information to the companies as part of a probe into whether firms are abiding by consumer protection laws, said the person, who wasn’t authorized to speak on the record about a confidential investigation. The demands are likely to be sent in the coming weeks, the person said. OpenAI had no immediate comment and Anthropic didn’t immediately respond to a…

President Donald Trump has nominated a longtime municipal insurance lawyer to serve as a judge on the U.S. 5th Circuit Court of Appeals. Butler G. Todd Butler, managing partner at the Jackson office of the Phelps Dunbar law firm, has represented Southern Farm Bureau Life Insurance in appeals and has been general counsel for the Mississippi Municipal Workers’ Compensation Group and for the Mississippi Municipal Liability Plan, according to Phelps Dunbar. He also has extensive experience in labor and employment law, and he serves as an adjunct professor at the Mississippi College School of Law. If ratified by the U.S.…

A vast majority of Americans favor requiring artificial intelligence companies to meet independent safety benchmarks for their models, even if those standards mean slowing development of the technology, according to a new poll. Against a backdrop of growing global anxiety over AI risks, 91% of those surveyed think it’s very or somewhat important for the US to establish guardrails for AI systems, with 81% indicating that safety should come before the pursuit of innovation, according to the poll released Wednesday by Quinnipiac University. “More people expect AI to do more harm than good in their day-to-day lives, and while there…

Two weeks after South Carolina’s insurance regulator took steps to place Atlantic Coast Life Insurance into rehabilitation, another state’s commissioner has suspended the company amid concerns about its finances. “In making the decision to suspend Atlantic Coast’s COA (certificate of authority), the Office determined that Atlantic Coast is impaired and that another insurance supervisory official, namely the South Carolina Department of Insurance, initiated rehabilitation proceedings…” reads a final order from Florida Commissioner Michael Yaworsky, signed Wednesday, Sept. 30. Atlantic Coast Life is domiciled in South Carolina but was authorized to do business in Florida in 2006 as a life and…

Allianz Group announced chief executive officer appointments at Allianz Partners and Allianz Direct, following Tomas Kunzmann’s appointment to the Allianz SE Board of Management. Philipp Kroetz, currently chief executive officer of Allianz Direct, will become CEO of Allianz Partners, effective Nov. 1, 2026. He has led Allianz Direct since 2022, turning the business into an expanding and profitable European digital platform for property and casualty (P/C) insurance for more than 3.2 million customers. Laurent Floquet, currently chief operating officer of Allianz Partners, will succeed Kroetz as CEO of Allianz Direct, bringing deep expertise in mobility and service-led customer solutions to…

American International Group (AIG) said Turab Hussain was appointed executive vice president and chief risk officer of AIG, effective Oct. 12. Hussain will report to Eric Andersen, president & CEOr, AIG and will serve on AIG’s Executive Leadership Team. He will continue to be based at AIG’s New York headquarters. Hussain succeeds Christopher Schaper as CRO. Schaper informed the company that he intends to retire from AIG at the end of this year. Since 2023, Hussain has served as AIG’s global chief actuary. He joined AIG in 2021 as CRO for General Insurance. Prior to AIG, Hussain was chief risk…

Jared Stuckey Plymouth Rock Home Assurance Corp. headquartered in Boston, Massachusetts, named Jared Stuckey as vice president of customer service and underwriting. Stuckey previously led underwriting strategy and managed personal and commercial products for Plymouth Rock’s Independent Agent auto business. He will now oversee both customer service and underwriting for the home insurance group. Before joining Plymouth Rock, Stuckey spent 16 years at Liberty Mutual, where he held a variety of senior roles in product management and customer experience. Was this article valuable? Yes No Here are more articles you may enjoy. Interested in Customer Experience? Get automatic alerts for…

Zurich Insurance Group has completed its £8.1 billion ($10.7 billion) of Lloyd’s insurer Beazley, effective today. Beazley shares were suspended this morning from the London Stock Exchange with delisting planned for Oct. 2. Under the terms of the deal (known in the UK as a scheme of arrangement), shareholders will receive 1,310 pence for each share held as of Sept. 30, 2026, with payment expected on Oct. 15, 2026. As a result of the acquisition, Beazley announced a new board of directors: Patrick Manley, Earl Randall Clouser, Helen Pickford, Kristof Terryn and Claudia Cordioli. Stepping down from the board are…