Author: completebodyneeds

Corpus Christi, the leading crude-export hub in the US, is no longer facing an imminent emergency after heavy rain and tropical storms replenished reservoirs that had been depleted by years of drought. The South Texas coastal city had projected it could be forced to implement emergency water-saving measures by December as water supplies dwindled. But recent rainfall has helped delay the emergency date into the latter half of 2027, according to City Manager Peter Zanoni. “The rains have been extremely beneficial,” said Zanoni, who will present the new data to the City Council on Tuesday. “A Level One water emergency…

Orlando Bravo was quick to see the disruptive potential of software, making a series of lucrative bets on the sector that turned him into a billionaire and transformed the buyout shop he leads, Thoma Bravo, into an industry powerhouse. Now, the disruption is coming for his own firm. The Miami-based financier is confronting it head-on, seeking to ensure his empire is ready for the era of artificial intelligence — and reassure investors that a debt-laden bet on online customer surveys, which lost more than $5 billion, is a one-off. The fund that held the investment is lagging behind rivals, and…

Specialist insurer CFC said it is responding to customer demand with updates to embed affirmative AI coverage within its portfolio. The rollout introduces clear, explicit AI-related language to eliminate ambiguity across seven key policies to ensure customers have certainty around how AI-related exposures are treated rather than relying on implied or silent coverage. The program includes updates across a range of CFC’s core products, including technology errors & omissions (Tech E&O), professional liability (E&O), eHealth, intellectual property (IP), management liability, media, and cyber proactive response (CPR). CFC said it will be addressing novel AI exposures like model hallucination, AI generated…

Florida-based King Risk Partners has continued its expansion in New England with the acquisition of Perry Insurance Agency of North Andover, Massachusetts. Perry Insurance Agency is an independent insurance agency that offers personal insurance, commercial insurance, and liability coverage options. Owners Darryl Perry and Marc Perry said that partnering with King Risk Partners gives them access to expanded resources and broader capabilities. Scott Popilek, chief executive officer of King Risk Partners, said the deal supports King’s continued expansion i the region. King Risk Partners has more than 50 locations on the Eastern seaboard from New Hampshire to Florida, including six…

Technology is moving extremely fast, and a recent Clyde & Co survey of global business leaders has found that associated risks are weighing heavily. According to the law firm’s latest Corporate Risk Radar, 86% of leaders—CEOs, CFOs, COOs, general counsel, and board members—rate technological risk as “high impact.” This is up from 46% just last year, marking the largest year-on-year increase of any category in the research. “All businesses are trying to adapt to artificial intelligence (AI) as quickly as they can, but the speed at which it changes makes that a big challenge,” said Tim Crockford, partner at Clyde…

Florida-based Safepoint Holdings, parent company of Safepoint Insurance and Manatee Insurance Exchanged has filed to withdraw its initial public offering plans in the U.S., the Florida insurer said on Wednesday. The withdrawal comes even as the IPO market has picked up pace after a brief lull in March, with companies across sectors moving ahead with listings. The Tampa-based Safepoint launched its IPO last month and was expected to go public earlier this month. It was aiming to raise up to $283.3 million by offering 16.7 million shares priced between $15 and $17 apiece. “We believe the withdrawal has nothing to…

A fire near downtown Los Angeles that has affected the health of nearby residents and caused businesses economic harm for more than a week was knocked down Wednesday night, fire officials said. A fire at a 491,000-square-foot cold storage warehouse located near homes in Boyle Heights burned eight days. Firefighters have been knocking down walls piece by piece in an effort to extinguish remaining hot spots. Firefighters have now cleared the way for a cleanup that will involve removing millions of pounds of food from the site east of downtown Los Angeles. Up through early in the day on Wednesday,…

Thousands of Venezuelans were feared dead on Thursday after two powerful earthquakes wreaked havoc in and around the capital Caracas, trapping people beneath the rubble of collapsed buildings and setting off powerful aftershocks. A magnitude 7.2 earthquake hit about 160 km (100 miles) west of Caracas on Wednesday afternoon, followed less than a minute later by a magnitude 7.5 tremor, according to the U.S. Geological Survey. Emergency workers scrambled over the debris of collapsed buildings in Caracas as night fell, while distraught relatives sought help for loved ones feared trapped. Dazed survivors were taken away, some on stretchers. “When we…

Guy Carpenter, a business of Marsh, said it is uniting its UK Property and Casualty and London Europe teams under one leadership structure, effective at the start of 2027. Leon Janeke will lead the combined UK Property and Casualty and London Europe team, having previously led the London Europe team for three years. Janeke will report to Paul Moody, UK CEO and Julian Enoizi, Europe CEO, Guy Carpenter. Dean Jenner, a market veteran with 41 years of industry experience and six years at Guy Carpenter, will assume the role of chairman of the combined team. Jenner was instrumental in establishing…

A Massachusetts concrete company has been sentenced and fined in federal court in Boston for willfully violating federal Occupational Safety and Health Administration (OSHA) safety standards in a 2023 incident that led to a worker’s death. John Oliveira & Sons Stamp Concrete, Inc. was sentenced to 18 months’ probation and ordered to pay $115,000 in restitution. According to court documents, the company utilized a large soil screener that was approximately 46 feet long and 13 feet high, and weighed approximately 35,880 pounds. The tail conveyor of the soil screener – which weighed approximately 1,500 pounds – could be placed in…