Author: completebodyneeds
A decade ago, wind power was surging in popularity and attracting huge investments that made Texas a national leader in renewable energy. But today, gas generation is making a big comeback, driven by a wave of data centers flooding into the state. For the last six months, the volume of gas generation in the Texas grid’s interconnection queue — the yearslong waiting list for electric generators wanting to connect to the grid — has surpassed wind. It’s the first time since January 2016 that gas has overtaken wind in the queue, a shift that reflects the policy and economic headwinds…
Illinois Attorney General Kwame Raoul announced a settlement with Vee Pak LLC, doing business as Voyant Beauty (Vee Pak) that resolves allegations the manufacturing company entered into no-poach agreements with several temporary staffing agencies. The settlement requires Vee Pak to pay $625,000 to compensate temporary workers impacted by the unlawful activity. Vee Pak is the last remaining defendant in a lawsuit Raoul’s office filed against it and six staffing agencies in 2022. The settlement with Vee Pak means that litigation is now fully resolved, with the office recovering a total of $2.52 million from all defendants. In 2022, Raoul’s office…
MS Amlin, the Lloyd’s re/insurer, has launched a consortium to boost property treaty capacity for all property per-risk lines. This additional capacity is expected to be particularly relevant for global data centers, where demand for higher limits continues to grow, MS Amlin said. The Property Treaty Per Risk (PPR) Consortium expands MS Amlin’s maximum line size from $50 million to $67.5 million, providing a 35% uplift in capacity for placements while maintaining a single coordinated underwriting and claims process. The consortium brings together four Lloyd’s syndicates behind MS Amlin including Nephila Syndicate 2358, Nephila Syndicate 2359, Hampden Syndicate 2689 and…
The Ohio State Bar Association (Ohio Bar) and ALPS Insurance (ALPS) today announced that they have entered into a definitive agreement under which ALPS will acquire the Ohio Bar Liability Insurance Company (OBLIC), a leading provider of professional liability insurance for attorneys in Ohio. The transaction reflects a shared commitment to strengthening the long-term delivery of legal malpractice insurance to Ohio lawyers by aligning OBLIC’s strong reputation and history of lawyer-focused service with ALPS’ national scale, infrastructure and specialized expertise serving lawyers. OBLIC was founded by the Ohio Bar in 1978 to serve the professional liability needs of Ohio attorneys…
Tampa-based HCI Group, now in its 20th year and its 18th year as a publicly traded company, reported a healthy profit for the first quarter of 2026 and significant growth in premium across most of its property-casualty insurance firms. “HCI Group had an excellent start to 2026, delivering record first quarter results for earned premiums, net income and earnings per share,” HCI Group Chairman and CEO Paresh Patel said in a filing with the U.S. Securities and Exchange Commission. The group reported net income of $85 million for Q1. That’s down significantly from the $108 million for Q4 2025 but…
Meteorologists are forecasting about 13 named Atlantic storms this season, or a little less activity than average. That sounds like good news for the US power grid and everyone who relies on it. But a look back at recent years suggests the number of storms in hurricane season, which begins June 1, may be an unreliable predictor of how much damage is caused, specifically when it comes to downed power infrastructure, according to a new research note by Hayley Lai, grids and utilities analyst for BloombergNEF. The concentration and resilience of local infrastructure matters as much or more than a…
Starting in the 1970s, the textile mills of northwest Georgia relied on chemicals known as PFAS to add stain resistance to the carpets they manufactured. Some of the chemicals that didn’t stick were flushed with the multibillion-dollar industry’s wastewater into local sewer pipes and, eventually, the region’s rivers. Decades later, the odorless, colorless chemicals are now found everywhere in the area, including in the blood of some people. Scientists have warned of health risks to humans and wildlife. While the federal government doesn’t yet have enforceable limits on PFAS, states have the authority to protect public health and the environment.…
Eric Cioppa, a respected former national and Maine insurance regulatory leader, passed away from Multiple System Atrophy on May 1 at his home in China, Maine. Cioppa’s career included 33 years at the Maine Bureau of Insurance. He began in 1988 as a statistician and later advanced to deputy superintendent in 1998 before being named to the bureau’s top job of superintendent in 2011. He served as superintendent until his retirement in 2022. Throughout his career Cioppa was also involved with helping to set national priorities, develop model laws and regulations, and act as a leader for the National Association…
Root Inc. reported a first quarter 2026 net income of $35.9 million—the best quarterly result in the company’s history—compared with net income of $18.4 million for the same period in 2025. In a letter to shareholders, Root Inc, the parent of insurtech Root Insurance, said it continued investment in its system put on track “to building an entirely automated insurance carrier.” “From our next generation risk brain in pricing, to our modern, AI-native claims architecture, Root is increasingly becoming a closed loop system capable of rapid decision making and continuous learning,” said Alex Timm, co-founder and CEO. For Q1 the…
Less than two years after her 6-year-old son was killed at Sandy Hook Elementary School in 2012, Nicole Hockley was in an Ohio church basement teaching the first class of a program she hoped would help prevent future school shootings. The program, born in the grief of one of the nation’s worst mass shootings, teaches students how to identify warning signs among their peers and urges them to report any red flags to an anonymous tip system or a trusted adult to head off any violence. Since that first class in a Columbus church, the program, “Say Something,” has been…
USEFUL LINKS
Subscribe to Updates
Get the latest creative news from FooBar about art, design and business.
© 2026 allcoveredinsurance.com. All rights reserved.
