Featured Articles Blog

0

Binance Restarts Withdrawals as Questions Linger on Record Hack

Article 0 Comments Binance began restoring customer withdrawals Sunday after hackers drained over $6 billion in the biggest cyber theft ever recorded, as the crypto industry awaits answers on the breach blamed on North Korea and steps to strengthen the exchange’s defenses. The world’s largest digital-asset platform reopened Bitcoin withdrawals after 2 p.m. Singapore time, more than two days after halting them following the breach. By evening in Asia, the exchange had seen some $3.5 billion in net outflows, according to DefiLlama data. Co-Chief Executive Officer Yi He said on X some transfers are between Binance wallets. The first phase of withdrawals covers 15 tokens, including Ether and the two biggest stablecoins, Tether’s USDT and Circle Internet Group Inc.’s USDC, Binance said on X. Withdrawals on 15 blockchain networks including Ethereum, BNB Smart Chain, XRP and Base resumed by around 8:30 p.m. in Singapore, according to the company. Read more: Binance’s $6.3 Billion Hack: How Crypto Insurance Works Binance dwarfs its industry rivals, with roughly $132 billion in assets, compared with about $29 billion at the second-largest exchange OKX. “We are taking a phased approach by prioritizing tokens based on the past week data of user demand, so that each...

0

Binance’s $6.3 Billion Hack: How Crypto Insurance Works

Article 2 Comments Hackers stole $6.3 billion from Binance in the world’s biggest crypto heist, putting a spotlight on how cryptocurrency exchanges insure their digital assets against theft and cyberattacks. But insurance protection is far from uniform. Coverage depends on how assets are stored, how hackers gain access and the specific terms of the policy. Limited regulation and volatile crypto prices have long made insurers wary of the sector, despite growing demand for protection against digital asset theft and claims against company executives. Read more: Binance Estimates $6.3 Billion Hacked in Crypto’s Biggest-Ever Heist While both crime and demand for protection have tracked cryptocurrencies’ meteoric rise, underwriting such risks remains a niche business offered largely by specialist insurers in the Lloyd’s market and in Bermuda. WHAT IS DIGITAL ASSET INSURANCE? Digital asset insurance is a range of policies designed to protect cryptocurrency exchanges, custodians and other companies operating in the sector against financial losses arising from the theft of digital assets, cyberattacks, technology failures and other business risks. Unlike traditional insurance, these policies are tailored to risks associated with blockchain technology, including the theft or loss of private keys, wallet security breaches, smart contract vulnerabilities and failures in digital asset...

AI Risk is Rising Faster Than AI Value: Gartner 0

AI Risk is Rising Faster Than AI Value: Gartner

Three Tactics CIOs Can Use to Deliberately Manage AI Value and Risk Stamford, CT (Oct. 19, 2026) – Despite the rapid risks introduced by AI, CIOs remain well-positioned to effectively manage AI governance and deliver business value, according to Gartner, Inc., a business and technology insights company. During the opening keynote of Gartner IT Symposium/Xpo, Gartner analysts told the audience of over 7,500 CIOs and IT executives that value and risk are interconnected, and the challenge for CIOs is to compound value faster than risk. “People are doing more with AI than ever before, and 58% of leaders said they are seeing some positive value from their AI initiatives, according to a Q2 2026 Gartner survey of over 1,000 functional leaders,” said Daryl Plummer, VP, Distinguished Analyst and Gartner Fellow. ”While many organizations are seeing pockets of AI success, they are struggling to consistently replicate and scale that value across the enterprise.” At the same time, AI risk continues to accelerate. CIOs and IT leaders report to Gartner that AI risk is growing faster than AI value in their organizations. “However, the value-potential is high. The new CIO imperative is to align value with risk and align safety with governance,”...

Employees Are Treating Benefits Like Purchases, Not Perks: New York Life Survey 0

Employees Are Treating Benefits Like Purchases, Not Perks: New York Life Survey

New research shows disconnect between the importance employees place on benefits decisions and how infrequently many engage with benefits outside enrollment season Findings highlight opportunity for employers to provide more year-round benefits education New York, NY (Oct. 14, 2026) – As open enrollment season approaches, a new survey from New York Life finds that employees are approaching workplace benefits more like consumers evaluating purchases than workers selecting employer-provided perks. The findings point to a disconnect between the importance employees place on benefits decisions and how infrequently many engage with voluntary benefits outside enrollment season. This creates an opportunity for employers to make benefits education more relevant and accessible throughout the year. Results indicate: Against a backdrop of financial pressure, seventy-one percent of workers closely evaluate whether voluntary benefits provide good value for their money, rising to 83 percent among Gen Z employees. Sixty-five percent say they have not used or explored voluntary benefit options outside the open enrollment period. Half of employees primarily think about benefits only during open enrollment. Just 15 percent think about benefits throughout the year. The findings are especially relevant amid continued household financial pressure: 54 percent cite inflation and the cost of living as a...

0

Some Trends Signal Potential Hope for US Commercial Auto: AM Best

Article 0 Comments A $2.2 billion underwriting loss in 2025 certainly isn’t anything to celebrate, but when it comes to U.S. commercial auto insurers, there may be a reason to crack a smile. According to a new report from AM Best, the loss was a 55% improvement compared with the prior year. Any improvement is welcomed for a line that has performed worse than any other commercial insurance line of business over the last decade. Net premiums written increases 6% year-over-year, and incurred losses were basically flat. Together, U.S. commercial auto insurers have booked a loss in underwriting each year since 2015. Some of its best years during this time were during the COVID pandemic because fewer vehicles were on the road. Commercial auto’s adverse reserve development in 2025 fell to its lowest level of the last 10 years, and there be some momentum as the direct loss ratio for commercial auto was 66.1 for the first half of 2026. The combined ratio improved to 96.6 in 2025 from 101.4 the prior year. The physical damage component of losses in commercial auto recorded a $2.4 billion gain, as insureds “that have been more proactive with fleet monitoring and maintenance have...

Uncertainty about future skills is emerging as the next workforce risk: WTW 0

Uncertainty about future skills is emerging as the next workforce risk: WTW

New York, NY (Oct. 14, 2026) – Employers face a growing workforce risk as employees struggle to understand which skills they need and how to develop them quickly enough to keep pace with changing work, according to WTW’s latest EX Intelligent report. The proportion of employees who say their manager helps develop their abilities has shifted from 84% to 78% over the past four years, highlighting the need to give managers more support for development conversations. At the same time, only about 30% of organizations have established processes for identifying, assessing and tracking workforce skills. This mismatch risks creating “capability anxiety”: uncertainty among employees about whether their skills will remain relevant, what capabilities will matter most and where they should focus their development. Employees understand that work is changing. 45% say AI is already important to their daily job and another 22% say it will fundamentally change their work in the future. The pressure point is not change itself, but rather the uncertainty of whether they can keep up, what skills matter most and where to focus next. Jill Havely, Global Employee Experience Leader at WTW, said: “Employees recognize that work is evolving, but many lack clarity on what skills...

Kotter Launches the “AI Value Accelerator” Product to Turn Stalled AI Investments into Measurable Business Impact 0

Kotter Launches the “AI Value Accelerator” Product to Turn Stalled AI Investments into Measurable Business Impact

Seattle, WA (Oct. 15, 2026) – As enterprises worldwide pour billions into artificial intelligence, a stark reality has emerged: few AI investments deliver meaningful business results. Kotter is pleased to announce the AI Value Accelerator, a rapid, unified engagement toolset designed to break leadership teams out of the cycle of siloed AI activity and drive tangible, bottom-line value. “The market is caught in a cycle of AI-related frenetic activity which is predominantly not creating value, with many organizations struggling to move beyond ‘check the box’ adoption,” said Kathy Gersch, Kotter’s Chief Executive Officer. “Furthermore, this rapid technology deployment triggers a range of survive responses from fear of job displacement to burnout and loss of control. Our AI Value Accelerator inverts the model. We must stop trying to build isolated ‘AI strategies’ and instead define exactly how AI will accelerate core business strategy.” Designed for teams and leaders caught in a cycle of AI activity without purpose or a clear hypothesis for accelerating business strategy and driving value, Kotter’s AI Value Accelerator forces a critical paradigm shift. A Rapid Engagement Focused on Deliverables The AI Value Accelerator serves as a critical front-end product that evaluates an organization’s starting line and aligns...

0

Rainier Partners Acquires Texas MGA Platform Apex

Article 0 Comments Rainier Partners, a private equity firm investing in lower middle-market services businesses, has acquired Apex Insurance Services, a multi-brand managing general agency (MGA) platform focused on the Texas non-standard auto insurance market. Headquartered in Richardson, Texas, Apex manages five MGAs — Apollo MGA, Apollo Specialty, Newstar General Agency, Excellent Insurance Services, and Ignition Insurance Services — creating one of the largest non-standard auto insurance distribution networks in the state. Apex is led by a seasoned management team with over 100 years of combined experience and leverages disciplined underwriting, data-driven pricing, and a broad independent agent network. With Rainier’s partnership, Apex plans to continue its organic growth in Texas and potentially new states. The platform will also seek strategic M&A and will explore adjacent product categories. Topics Mergers & Acquisitions Texas Insurance Wholesale Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. Interested in Insurance Wholesale? Get automatic alerts for this topic.

Survey Finds 34% of U.S. Consumers Are Willing to Use GenAI for Holiday Gift Recommendations 0

Survey Finds 34% of U.S. Consumers Are Willing to Use GenAI for Holiday Gift Recommendations

Marketers Should Prepare for More Fragmented Discovery Journeys Stamford, CT (Oct. 14, 2026) – More than one-third, or 34%, of U.S. consumers report being very or extremely willing to use Gen AI-backed tools or chatbots for holiday gift recommendations, according to a survey by Gartner, Inc., a business and technology insights company. A Gartner survey of 1,004 US consumers conducted in August 2026 found that AI is emerging as a potential avenue for shopping inspiration, though traditional discovery and purchase channels remain dominant. “AI is beginning to establish a role in the holiday shopping journey, but it is not replacing the channels consumers already use,” said Emily Weiss, Sr Principal Analyst in the Gartner Marketing practice. “Consumers who use AI for holiday shopping are also consulting a wider range of other sources, meaning marketers should prepare for more fragmented discovery journeys.” AI Expands, Rather Than Replaces, Holiday Shopping Discovery Retailer websites, traditional internet searches, and friends’ and family wishlists remain the most common sources of holiday shopping inspiration. In-store shopping and Amazon are also expected to remain the leading purchase channels, with 77% of consumers planning to shop in stores and 75% planning to shop on Amazon. Consumers who currently use...

0

DOJ Recovers $604K in Back Wages from Indiana Auto Parts Manufacturer

Article 0 Comments The U.S. Department of Labor has recovered $604,000 in back wages for 829 workers after an investigation found an Indianapolis-area vehicle parts manufacturer failed to properly calculate overtime wages. Investigators with the department’s Wage and Hour Division found that Toa (USA) LLC, a major automotive supplier that serves top-tier automotive companies, did not include a non-discretionary attendance bonus for hourly employees when calculating overtime during applicable workweeks, in violation of the overtime provisions of the Fair Labor Standards Act. Toa (USA) LLC, with manufacturing facilities in Mooresville, is the primary body structure and suspension components supplier for Subaru of Indiana Automotive and Toyota Motor Engineering & Manufacturing North America. Source: DOJ Topics Auto Manufacturing Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. Interested in Auto? Get automatic alerts for this topic.