Author: completebodyneeds

As climate events intensify, exposure is expanding, and loss severities from secondary perils, such as convective storms, wildfires, floods and hail, are no longer easily dwarfed by hurricanes or earthquakes. These perils have contributed significantly to the insured losses in …

MGU strengthens its commitment to California agencies through responsive underwriting, modern technology, and new agency appointments. San Diego, California — August 12, 2026— First Cap Property, a California-based Managing General Underwriter (MGU) specializing in residential property insurance, continues to expand its homeowners insurance platform while growing its network of independent agency partners across California. As California’s homeowners insurance market continues to evolve, agencies are seeking dependable market access, responsive underwriting, and efficient service for their clients. First Cap Property remains committed to helping agency partners navigate these challenges by providing comprehensive residential property insurance solutions backed by experienced underwriting professionals,…

HSBC’s global chief executive for insurance business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, sources said, amid a broader global overhaul and recent asset sales in Asia. Moncreiffe’s departure, which was first reported by Reuters, comes two years after he took over the role at the Asia-focussed lender in 2024. He will leave soon for external opportunities, according to two people with direct knowledge of the move. The sources spoke on condition of anonymity because the matter has not yet been publicly disclosed. A Hong Kong-based spokesperson for HSBC declined to comment. Moncreiffe,…

Rapid swings in AI data centers’ power demands are straining vital equipment, causing batteries, generators and cooling systems to malfunction or wear out far sooner than expected. As the AI boom accelerates, these technical problems suggest added costs and unforeseen reliability problems, with even a few minutes of lost uptime hitting data-center developers’ revenue. They come at a time when investors and lenders are already jittery about hyperscalers’ hundreds of billions of dollars of spending, amid growing concerns that these facilities could be depreciating much faster than estimated. The problems are also a potential source of wider instability in power…

Insurance companies lost a bid to hold Edison International’s Southern California utility liable for a massive Los Angeles-area wildfire without a trial. Superior Court Judge Laura Seigle on Tuesday tentatively denied a request to put Southern California Edison on the hook for billions of dollars in property losses under a state law that holds utilities automatically liable when their equipment starts a fire. Related: Edison Equipment Blamed for Deadly Eaton Fire in Los Angeles The tentative ruling was debated by lawyers at a hearing just days after a report by the Los Angeles County Fire Department concluded the 2025 Eaton…

Inszone Insurance Services acquired Two Fong’s Inc in California. Founded in 1982 and acquired by its current leadership, Al and Pete Fong, in 2000, Two Fong’s has maintained a presence across the Bay Area, specializing in commercial property and lessor’s risk. Sacramento, California-based Inszone is an insurance brokerage firm offering a range of property/casualty and employee benefits services. Topics Mergers & Acquisitions California Was this article valuable? Yes No Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.

A Massachusetts plastic surgeon was suspended by the state Board of Medicine in 2020 for allegedly stalking and harassing a former patient—a patient who happened to be a former girlfriend. A complaint filed with the Board by the woman’s husband also alleged that Dr. William E. O’Connor, of Fall River, prescribed addictive medication to the girlfriend when another doctor would not, perhaps in an attempt to make her dependent on O’Connor’s companionship, court filings indicate. Because of that prescribing activity, which a lower court judge and the physician’s liability insurer said was illicit and was not part of his professional…

More German drivers than ever are switching to electric vehicles due to the jump in fuel prices triggered by the US-Israeli war on Iran. A record 12% replaced their combustion-engine car with an EV in the second quarter, according to a survey for insurer Huk-Coburg published Tuesday. That’s more than twice the percentage recorded in January and February and there’s ample evidence that the Middle East conflict is a key driver of demand, the group said. Particularly prolific drivers – those who cover more than 12,000 kilometers (7,457 miles) a year – switched to EVs, both used and new, at…

Delta Air Lines Inc. is investigating an unauthorized Wi-Fi network on a Monday flight out of Las Vegas, where a major cybersecurity conference was held over the weekend. The US airline is working with federal law enforcement officials and aviation regulators to examine the activation of the network “for a short time,” said Delta spokesperson Morgan Durrant. It prompted the flight crew to deactivate the Boeing Co. 757 aircraft’s Wi-Fi for about 30 minutes, but “there was no hack of any Delta system” and air traffic control personnel did not declare an emergency. “Safety of flight was never in question…

Water levels on the Rhine river are dwindling further, with no relief in sight, forcing companies that rely on the waterway to adjust rapidly to keep goods flowing.Levels at Kaub, Germany — the Rhine’s shallowest point — have fallen to the lowest since records began in 1880, and could drop further as another heat wave bakes Europe this week. Forecasters say it would take weeks of sustained rain to lift the river toward more normal levels, meaning the crisis could drag on into October. The Rhine is a key shipping route through Europe’s industrial heartland, from Switzerland to Rotterdam, the…