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Archive: October 2025

Louisiana Police Video Counters Claim that LSU Star was Too Far From Fatal Wreck
Insurance Journal | October 10, 2025
Louisiana Police Video Counters Claim that LSU Star was Too Far From Fatal Wreck
Louisiana state police have released video evidence in a deadly 2024 car crash that authorities contend was caused by reckless driving by Kyren Lacy, a former Louisiana State University football star who took his own life days before a grand …
Ex-Fed Official Sees Secular ‘Shocks’ Ahead From Extreme Weather
Insurance Journal | October 10, 2025
Ex-Fed Official Sees Secular ‘Shocks’ Ahead From Extreme Weather
The Federal Reserve’s former top-ranking official overseeing climate risk says the US economy faces a series of long-term, structural shocks as a result of increasingly extreme weather patterns. Kevin Stiroh, who left the Fed earlier this year after it wound …
La Niña’s Back, but Will It Amp Up Hurricane Season?
Insurance Journal | October 10, 2025
La Niña’s Back, but Will It Amp Up Hurricane Season?
La Nina, the cooler and at times costlier flip side of El Nino, has arrived to warp weather worldwide, meteorologists said Thursday. This natural weather phenomenon often turbocharges the Atlantic hurricane season, but this La Nina may be too weak …
Constellation Energy to Spend $340M to Improve Water Quality at Maryland Dam
Insurance Journal | October 10, 2025
Constellation Energy to Spend $340M to Improve Water Quality at Maryland Dam
Constellation Energy has agreed to spend more than $340 million to improve water quality at Maryland’s Conowingo Dam, which flows into the Susquehanna River and eventually ends up in the Chesapeake Bay, the nation’s largest estuary, officials announced last week. …
People Moves: Aon Names Chisholm as Chairman of Asia Reinsurance Solutions; Markel Appoints Luxford as Head of Distribution and MGA Strategy, Australia
Insurance Journal | October 10, 2025
People Moves: Aon Names Chisholm as Chairman of Asia Reinsurance Solutions; Markel Appoints Luxford as Head of Distribution and MGA Strategy, Australia
This edition of International People Moves details appointments at Aon and Markel Insurance. A summary of these new hires follows here. Aon Names Chisholm as Chairman of Asia Reinsurance Solutions Insurance broker Aon plc named Simon Chisholm as chairman of …
Weak Governance of Artificial Intelligence Raises Risks of Cyberattacks: Moody’s
Insurance Journal | October 10, 2025
Weak Governance of Artificial Intelligence Raises Risks of Cyberattacks: Moody’s
Weak artificial intelligence (AI) governance practices pose a growing risk of data breaches, warns a report published by Moody’s Ratings. Large numbers of companies and organizations “have no rules in place to govern the safe use of new artificial intelligence …
Ex-Insurance Agent Avoids Prison for Being ‘Model Cooperator’ in Menendez Case
Insurance Journal | October 10, 2025
Ex-Insurance Agent Avoids Prison for Being ‘Model Cooperator’ in Menendez Case
Former New Jersey insurance agent Jose Uribe will not go to prison for his role in the bribery scheme involving former U.S. Senator Bob Menendez, the senator’s wife, and two other businessmen. U.S. District Judge Sidney Stein in New York …
Wyoming Library Director Fired in Book Dispute Wins $700K Settlement
Insurance Journal | October 10, 2025
Wyoming Library Director Fired in Book Dispute Wins $700K Settlement
A former Wyoming library director who was fired amid an uproar over books with sexual content and LGBTQ+ themes that some people complained were inappropriate for youngsters and who sought their removal from youth shelves will be paid $700,000 after …
Global Financial Watchdogs to Ramp Up Monitoring of Artificial Intelligence
Insurance Journal | October 10, 2025
Global Financial Watchdogs to Ramp Up Monitoring of Artificial Intelligence
Global financial regulators have laid out plans for closer monitoring of artificial intelligence risks as banks and other parts of the financial industry ramp up the use of AI. Banks have been broadly optimistic that AI will make them more …
Life-Threatening Heat Domes Are Confounding Forecasters
Insurance Journal | October 10, 2025
Life-Threatening Heat Domes Are Confounding Forecasters
Record-breaking temperatures seared the eastern US last month, leading to power emergencies across the region. The cause: an enormous ridge of high pressure that settled on the region, known as a heat dome. This phenomenon has also already struck Europe …