Money launderers received at least $82 billion in cryptocurrencies last year, up sharply from $10 billion in 2020, driven in part by fast growth among Chinese-speaking groups, blockchain researchers said on Tuesday. The fastest-growing category has been Chinese-language money-laundering networks, which emerged during the pandemic and processed almost $40 million worth of crypto per day in 2025, U.S.-based blockchain research company Chainalysis said in a report. Blockchains create a record of the wallet addresses involved in cryptocurrency transactions, but identifying who is behind the wallets is difficult. However, Chainalysis said it had identified nearly 1,800 active wallets used by Chinese-language…
Author: Awais
They include a new vice president of AI product solutions and a new vice president of public relations
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Almost 23 million Americans signed up for health insurance coverage on the Affordable Care Act exchanges this year, the CMS said on Wednesday. That’s down 5% from last year’s record high, but not the nosedive some market watchers predicted given steep premium increases for ACA plans. Some 3.4 million people are new to the marketplaces, while 19.6 million already had ACA coverage and re-enrolled. Enrollment trends differ across the country. Much of the volume was driven by Texas alone, where…
Hansen previously served as director of product at ReSource Pro, where he led multiple revenue‑generating, client‑facing products, helped establish product governance and operating frameworks, and supported the expansion of AI and analytics across client operations. During his tenure, the portfolio posted double‑digit growth. Earlier roles saw him work on AI‑enabled analytics, compliance and workflow automation for finance and insurance organisations.
Risk professionals’ salaries have increased an average of 11% since 2023, with chief risk officers/vice presidents of risk management seeing increases of 16%. The increases and other trends in risk management compensation are detailed in the RIMS 2025 Compensation Survey, which provides an analysis of risk management positions, as well as the impact that education, experience, and other demographic data have on salaries. “There are many factors that reaffirm the immense value business leaders place on risk management, but few are more compelling than the salary increases highlighted in this year’s RIMS Compensation Survey,” said RIMS CEO Gary A. LaBranche.…
A new survey found three overarching themes that affect the purchase of flood insurance centered on awareness, action, and coverage misconceptions, according to Chubb’s Flood Risk and Resilience report. The survey of more than 1,500 high-net-worth homeowners, commercial businesses, agents, and brokers identifies significant gaps in perceptions of flood risk and mitigation measures. Heightened awareness of flood risk is growing, as evidenced by the 84% of homeowners and 72% of commercial businesses who said they agree that flooding is more common now than it was five years ago. But many still don’t think the risk applies to them. The survey…
Danone has recalled at least three batches of its Aptamil baby formula in Germany, a letter to a wholesaler showed on Thursday, as the French food producer scrambles to contain a scare over a toxin contamination that started with Nestle products. In the letter dated January 26, Danone Deutschland asked wholesaler Alliance Healthcare to withdraw some batches of Aptamil produced between May and August 2025. The letter, published by online pharmacy Shop Apotheke, said it believes the wholesaler would have little or no remaining stock given that it had subsequently received deliveries of new products. Danone had said on Friday…
The insurance-linked securities (ILS) fund sector finished 2025 on strong footing with December seeing the third-highest returns for that month on record, as both catastrophe bond funds and strategies allocating to private ILS finished the full-year with averaged double-digit returns, the ILS Advisers Fund Index shows.December 2025 saw the strategies in the ILS fund sector tracked by ILS Advisers reporting an average return of 0.73% for the month, the third best December since the Index began back in 2006. It topped off the third consecutive year of double-digit performance for the Index, leading to an average full-year return for 2025…
The House of Representatives passed 12 appropriations bills on Tuesday, six of which have been signed into law, according to a statement from the House Appropriations Committee. However, the DHS funding package, which includes appropriations for both NFIP and the Federal Emergency Management Agency (FEMA), has stalled in the Senate over disagreements about immigration enforcement.
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: HCA Healthcare, one of the largest for-profit hospital operators in the country, said it could lose more than $1 billion this year due to the expiration of more generous Affordable Care Act subsidies and a decline in its Medicaid state supplemental payments. Executives on a Tuesday call with investors said HCA could lose between $600 million to $900 million due to the subsidy lapse and between $250 million to $450 million from declines in some of its Medicaid state supplemental payment…
Note: The data on unwinding renewal outcomes presented below were last updated on September 12, 2024; since most states have now completed the Medicaid unwinding, the information will not be updated again. As of September 12, 2024 and with nearly complete unwinding data for most states: Over 25 million people were disenrolled (31% of completed renewals) and over 56 million people had their coverage renewed (69% of completed renewals). Disenrollment rates varied across states from 57% in Montana to 12% in North Carolina, driven by a variety of factors including differences in renewal policies and procedures as well as eligibility…
Why cyber cover has become non-negotiable for businesses and households
President Donald Trump on Wednesday said he will put Environmental Protection Agency administrator Lee Zeldin in charge of helping homeowners get permits to rebuild after the California wildfires last January. Related: Trump Orders Federal Takeover of LA Wildfire Rebuilding Efforts …
The Vermont Department of Financial Regulation announced the gubernatorial appointment of Christine Brown as deputy commissioner of its captive insurance division. Brown has served in an acting capacity since the start of the year. Brown joined the captive insurance division in 2003 as an examiner, with numerous promotions throughout the years until 2022, when she became the division director. In addition to her work at DFR, since 2018, she has served as principal staff to the chair of the National Association of Insurance Commissioners Risk Retention Group Task Force. Before joining the state government, she worked as an auditor at…