Author: completebodyneeds

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 bulletin this week about “a sophisticated fraud scheme targeting workers’ compensation claimants across multiple states through the use of official-looking communications and fake hearings.” The scammers have utilized phone calls, emails, texts, video calls and social media to impersonate judicial officials, government employees, attorneys and other comp professionals, the Commission explained. The goal is to convince injured workers to attend…

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 reforms bring in more than $850 million in new capital to support additional growth in the state’s property market,” Florida Insurance Commissioner Mike Yaworsky said in a bulletin Wednesday. Frontline Insurance, a stalwart of Florida’s insurance market in recent years, added a new reciprocal exchange company. The Office of Insurance Regulation granted a certificate of authority in April, authorizing the…

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. Mathis (Ballotpedia) Keisha Sean Waites, a former state legislator and Atlanta City Council member, was the largest vote-getter in the Democratic primary Tuesday, winning more than 427,000 votes and 42%. DeAndre Mathis, a State Farm insurance agent in Decatur, took home almost 20% of the vote in a field of five candidates, the Georgia Secretary of State reported. Since no candidate won a majority of the votes…

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. The defensive stance was on display at the Bitcoin 2026 conference in Las Vegas last month, where many of the highest-profile speakers moved through the venue trailed by personal bodyguards. A standing-room-only workshop taught attendees how to protect their crypto holdings during a home invasion. The Las Vegas Metropolitan Police Department, The Venetian Resort security team, external contractors and private…

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 national authorities to ensure human bankers are providing adequate oversight of processes increasingly handled by AI, according to Ruta Merkeviciute, head of digital finance at the EBA. The watchdog’s concerns extend to the kinds of repetitive tasks traditionally handled by bankers in middle and back office functions, she said. Read more: UK’s StanChart to Cut Over 7,000 Jobs, Boost AI…

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,…