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Alabama DOI Extends Moratorium on New Captives, Risk Retention Groups

by lpiccitto | Sep 5, 2025 | Uncategorized

Alabama’s insurance commissioner has extended a moratorium on new captive insurance companies and risk retention groups until at least next summer. The bulletin, posted this week, follows the commissioner’s announcement in March that the Department of Insurance would...

Markets/Coverages: AXA XL Launches Portal for Multinational Clients

by lpiccitto | Sep 5, 2025 | Uncategorized

AXA XL has launched a web-based portal for its global clients, providing a centralized platform which allows data insights across multinational solutions portfolios to be viewed and exported in real-time. The portal, which is available via AXA’s Digital Commercial...

NY Fed Finds Modest Impact of AI on Jobs Even as Usage Increases

by lpiccitto | Sep 5, 2025 | Uncategorized

Use of artificial intelligence among businesses jumped in the last year and is expected to continue to grow, yet few firms have cut jobs as a result so far, according to a new Federal Reserve Bank of New York study. …

People Moves: Everest Promotes Voralia as CUO, Global Reinsurance; BHSI Appoints Spink as Head of Marine, Australasia

by lpiccitto | Sep 5, 2025 | Uncategorized

This edition of International People Moves details appointments at Everest Reinsurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Everest Promotes Voralia as CUO, Global Reinsurance Everest Reinsurance, the...

FTC to Review AI Chatbot Risks With Focus on Privacy Harms

by lpiccitto | Sep 5, 2025 | Uncategorized

The US Federal Trade Commission plans to study the harms to children and others of AI-powered chatbots like those offered by OpenAI, Alphabet Inc.’s Google and Meta Platforms Inc., according to people familiar with the matter. The study will focus …

Missing Billions in Pakistan Expose Grim Reality of Global Climate Finance Aid

by lpiccitto | Sep 5, 2025 | Uncategorized

When churning flood waters swept away a group of tourists in Pakistan’s Swat Valley in June, the whole country felt a sense of déjà vu. Just three years ago, extensive floods had swallowed entire hotels and families vacationing in the …
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