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Markets/Coverages: Special Contingency Risks Offers Enhanced Victim Support Cover
Insurance Journal | October 10, 2025
Markets/Coverages: Special Contingency Risks Offers Enhanced Victim Support Cover
Special Contingency Risks (SCR), a WTW business, has launched an Enhanced Victim Support insurance extension (EVS) to support hostage victims. The SCR initiative launches as part of an exclusive partnership with the charity, Hostage International. This new offering underscores SCR’s …
Higginbotham Acquires Texas’ Stephens Insurance Services
Insurance Journal | October 10, 2025
Higginbotham Acquires Texas’ Stephens Insurance Services
Higginbotham has acquired Lubbock, Texas-based Stephens Insurance Services, a benefits specialist. The collaboration pairs on-the-ground relationships with added resources to enhance combined service offerings across West Texas and into eastern New Mexico, Higginbotham said. Stephens Insurance Services specializes in three …
NC Woman Faces 170 Felony Charges in Insurance Fraud Involving Stolen GLP-1 Drugs
Insurance Journal | October 10, 2025
NC Woman Faces 170 Felony Charges in Insurance Fraud Involving Stolen GLP-1 Drugs
A North Carolina woman has been busy over the last three years, illegally obtaining weight-loss medication, administering it to people, and defrauding insurance companies of more than $87,400, the state Department of Insurance alleged this week. Heather Ann Robinson, 37, …
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 …