Author: completebodyneeds

Companies using artificial intelligence are adding more jobs than those that aren’t, but those gains sharply favor senior employees over junior workers, according to a new study spanning 41 countries. The number of employees in senior positions rose by 6.7% over five years at companies adopting AI, while junior employment declined 3% in the same period, researchers Bharat Chandar of Stanford University and Bouke Klein Teeselink of King’s College London said in a paper released on Monday. Although overall hiring increased, the share of junior workers at those companies fell by 1.9 percentage points, they found. The shift away from…

On August 18 the Immigration and Customs Enforcement (ICE) agency announced a plan to provide subsidized personal liability insurance for state and local police working with ICE in immigration enforcement. The plan would shield rogue agents from legal expenses they are obligated to pay when they are sued for improper excessive use of force, wrongful arrests, and unlawful search and seizure. The program would also cover legal expenses for officers facing criminal investigations. The program would provide eligible policyholders with $500,000 of liability limit. The premium is government-subsidized by $250 per year. Government-provided or subsidized insurance has a poor track…

This article is part of a sponsored series by Risk & Insurance Education Alliance. Insurance professionals face a growing challenge: keeping up with complex coverage issues while balancing client needs, workload demands, and professional development requirements. To help meet that need, the Risk & Insurance Education Alliance has expanded its self-paced learning resources by launching the Certified Insurance Counselor (CIC) Personal Lines course. Available 24/7, this course can be completed at your convenience during a 120-day window. The CIC Personal Lines course is approved for state continuing education (CE) credit in many states. This helps professionals meet ongoing compliance requirements…

Mosaic Insurance, the Bermuda-based insurer, launched a digital underwriting system designed to quickly bring complex specialty products to the small and midsize enterprise (SME) market. The AI-powered initiative, called HALO, combines broker trading activity, underwriting decisions, and portfolio outcomes in a single operating environment. HALO is a modular AI infrastructure for Mosaic’s SME business across lines of business, rather than a single-product quoting platform. It allows Mosaic to develop, launch, and refine products, territories, and distribution arrangements without having to continually rebuild the underlying technology and operating model. Designed to accommodate brokers’ preferred ways of working, HALO’s AI-driven process invites…

A strengthening El Niño is stirring up a dangerous mix of typhoons and hurricanes across the Pacific, fueling storms that have killed hundreds, disrupted trade and caused billions of dollars in damage. Across the western Pacific, that burst of activity has brought a destructive mix of flooding, deaths and economic damage. Another storm neared Japan on Monday and more could be possible in the region through November. The situation stands in contrast to a very quiet Atlantic, which has had its calmest start since 1941. Pacific cyclones have caused more than 230 deaths since April, media reports show, while natural…

This article is part of a sponsored series by EZLynx. Key Takeaways Agency size isn’t the deciding factor for an agency management system, but workload and complexity are. A one-person agency can run on the same all-in-one platform as a 20-person shop, without hiring to support it. Waiting too long costs more than switching too early – manual workarounds get more expensive as your book grows, not less. EZLynx® is built to work for a solo agency on day one and scale with you as you add producers. Is your insurance agency too small for an agency management system (AMS)?…

Insurance Australia Group Ltd. said a settlement of proceedings brought by Credit Suisse entities over Greensill trade credit insurance policies hasn’t been finalized. “IAG does not comment on confidential discussions between parties to litigation, however a settlement has not been finalized,” according to an IAG statement on Monday. IAG said its position remains that, based on anticipated recoveries including from insurance and reinsurance arrangements and other indemnities, any settlement of the Credit Suisse proceedings wouldn’t be expected to have a material impact on IAG’s financial position or 2027 financial results. A trial had been expected to start in the Federal…

French life insurer CNP Assurances SA is exploring a potential takeover of Coface SA, people with knowledge of the matter said. CNP, which is owned by state-backed La Banque Postale, is working on an offer for the credit insurer, said the people, who asked not to be identified because the information is confidential. For a deal to be successful, CNP would need to convince Arch Capital Group Ltd., which is Coface’s biggest shareholder with a 29.9% stake. Coface shares climbed 8.9% in Paris, giving the company a market capitalization of €2.6 billion. Deliberations are still at an early stage and…

The U.S. property/casualty insurance industry posted a much higher net underwriting gain of $31.7 billion for the first half of 2026, up from $11.6 billion the prior year. According to a report from data analytics and technology firm Verisk and industry trade association the American Property Casualty Insurance Association (APCIA), net written premium growth for the industry slowed to 2.1%, compared with growth of 5.2% a year ago, showing an overall shift to moderated rate increases. Property insurance softened during H1, but casualty lines such as excess liability, umbrella liability, and commercial auto remained under pressure from increased claim severity,…

The New Hampshire Insurance Department (NHID) has approved an average of 2.9% reduction in workers’ compensation rates for 2027, marking the 15th consecutive year of declining voluntary workers’ compensation loss costs. Assigned risk rates will also decrease by 3.4% on average. The newly approved loss costs and assigned risk rates will apply to policies effective on or after January 1, 2027. The news came with the approval of a filing by National Council on Compensation Insurance (NCCI). Voluntary market loss costs in the state have declined by approximately 68% during the 15-year period. The state approved an average 6.1% reduction…