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Bank of England Sees Growing Risk That Dangers From AI and Debt Will Materialize
The Bank of England on Wednesday warned of an increase in the risk that interconnected weaknesses in the financial system will crystallize, highlighting the re-escalation of the conflict in Iran and increased AI-related debt issuance. Rises in oil and gas …
POSTED SEPTEMBER 30, 2026 1:44 PM |
Tooker to Succeed Swift as CEO of the The Hartford
The Hartford President A. Morris “Mo” Tooker is to succeed Christopher Swift as CEO in March 2027. Swift will transition to the role of executive chair of the board after nearly 13 years as CEO. Tooker will join the board, …
POSTED SEPTEMBER 30, 2026 1:44 PM |
AIG’s Lexington Starts Financial Institutions Practice
American International Group’s excess & surplus subsidiary Lexington Insurance has set up a dedicated financial institutions practice to support wholesale produced private company banks, asset managers, broker dealers, and others. Kevin Ware has been hired as head of financial institutions, …
POSTED SEPTEMBER 30, 2026 1:32 PM |
Connecticut Weighs 4.9% Workers’ Comp Loss Cost Decrease for 2027
Connecticut’s insurance regulator is weighing whether to approve a workers’ compensation industry proposal for an overall average decrease of 4.9% to the current voluntary loss costs and an average decrease of 5.8% to the current assigned risk rate level. If …
POSTED SEPTEMBER 30, 2026 1:23 PM |
Vessel Carrying Vehicles Became Stuck on Rhine River as Levels Drop
A vessel carrying vehicles briefly became stuck at Dusseldorf harbor due to critically low water levels on the Rhine River, in one of the latest examples of how this year’s extreme weather is threatening transport. The Terra 2 got stuck …
POSTED SEPTEMBER 30, 2026 12:39 PM |
Nuclear Plant Settles Cancer, Contamination Lawsuits
Solstice Advanced Materials, the corporate owner of a nuclear fuel facility at the heart of President Donald Trump’s push for a nuclear renaissance, has agreed to pay $80 million to settle claims that the plant for decades spewed radiation over …
POSTED SEPTEMBER 30, 2026 12:37 PM |
World Insurance Associates Acquires Arctic Risk Specialists
World Insurance Associates LLC announced that it acquired the business of Arctic Risk Specialists (ARS) of Toms River, New Jersey on June 1, 2026. ARS Group was founded in 2014 by Thomas Nastasi. The group provides commercial insurance, specializing in …
POSTED SEPTEMBER 30, 2026 12:05 PM |
New Jersey Employers Should Prepare Now for Oct. 1 Independent Contractor Rule
On May 5, 2026, the New Jersey Department of Labor and Workforce Development (NJDOL) adopted N.J.A.C. 12:11, a rule addressing the framework of the ABC test—the test for determining whether a worker has been properly classified as an employee under …
POSTED SEPTEMBER 30, 2026 12:00 PM |
Facing Climate Lawsuits, Big Oil Again Turns to US Supreme Court
Facing potential liability for harms related to climate change, major oil companies have again turned to the US Supreme Court, teeing up a case that could determine the fate of dozens of climate-related lawsuits by state and local governments against …
POSTED SEPTEMBER 30, 2026 11:37 AM |
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs
A McKinsey & Co. senior partner’s online comments questioning some challenges that women leaders face in the workplace have prompted a rebuke from his employer. McKinsey said it was “disappointed” and doesn’t endorse the remarks made by Australia-based senior partner …
POSTED SEPTEMBER 30, 2026 10:59 AM |
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