12 09, 2025

Texas Insurer New Century Placed in Receivership and Liquidation

By | September 12th, 2025|Uncategorized|Comments Off on Texas Insurer New Century Placed in Receivership and Liquidation

New Century Insurance Company, a property and casualty insurer licensed only in Texas, was placed in receivership receivership and ordered into liquidation by the Travis County District Court in Austin on Sept. 3, according to the Texas Department of Insurance. …

12 09, 2025

Texas Insurer New Century Placed in Receivership and Liquidation

By | September 12th, 2025|Uncategorized|Comments Off on Texas Insurer New Century Placed in Receivership and Liquidation

New Century Insurance Company, a property and casualty insurer licensed only in Texas, was placed in receivership receivership and ordered into liquidation by the Travis County District Court in Austin on Sept. 3, according to the Texas Department of Insurance. …

12 09, 2025

Texas Insurer New Century Placed in Receivership and Liquidation

By | September 12th, 2025|Uncategorized|Comments Off on Texas Insurer New Century Placed in Receivership and Liquidation

New Century Insurance Company, a property and casualty insurer licensed only in Texas, was placed in receivership receivership and ordered into liquidation by the Travis County District Court in Austin on Sept. 3, according to the Texas Department of Insurance. …

12 09, 2025

Missouri to Requires Insurers to Register with New Uninsured Motorist Program

By | September 12th, 2025|Uncategorized|Comments Off on Missouri to Requires Insurers to Register with New Uninsured Motorist Program

Insurance companies licensed to write auto liability coverage in Missouri will soon need to register with the state’s new uninsured motorist program. The Missouri Insurance Verification System (MOIVS) will include real-time insurance verification, ongoing compliance monitoring, and a pre-trial diversion …

5 09, 2025

Head of EU Parliament Trade Committee Has ‘Doubts’ About Deal With US

By | September 5th, 2025|Uncategorized|Comments Off on Head of EU Parliament Trade Committee Has ‘Doubts’ About Deal With US

The head of the European Parliament’s trade committee said Wednesday he has “doubts” about aspects of the EU’s trade deal with the Trump administration and predicted the deal could be amended during the legislative approval process. “A lot of questions …

5 09, 2025

Alabama DOI Extends Moratorium on New Captives, Risk Retention Groups

By | September 5th, 2025|Uncategorized|Comments Off on Alabama DOI Extends Moratorium on New Captives, Risk Retention Groups

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 not accept …

5 09, 2025

Markets/Coverages: AXA XL Launches Portal for Multinational Clients

By | September 5th, 2025|Uncategorized|Comments Off on Markets/Coverages: AXA XL Launches Portal for Multinational Clients

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 Platform, …

5 09, 2025

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

By | September 5th, 2025|Uncategorized|Comments Off on NY Fed Finds Modest Impact of AI on Jobs Even as Usage Increases

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. …

5 09, 2025

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

By | September 5th, 2025|Uncategorized|Comments Off on People Moves: Everest Promotes Voralia as CUO, Global Reinsurance; BHSI Appoints Spink as Head of Marine, Australasia

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 reinsurance division of Everest Group …

5 09, 2025

FTC to Review AI Chatbot Risks With Focus on Privacy Harms

By | September 5th, 2025|Uncategorized|Comments Off on FTC to Review AI Chatbot Risks With Focus on Privacy Harms

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 …