Author: completebodyneeds

Enterprise Risk Associates announced the acquisition of Hamann Insurance Group of Katy, Texas on June 17, 2026. Terms of the transaction were not disclosed. For more than 45 years, Hamann Insurance Group has been serving both commercial and individual clients in the Houston metropolitan area. The agency has earned a reputation as a preferred insurance broker for HOAs and condominiums, and founder Dennis Hamann is a recognized leader in the specialty. Mr. Hamann will continue in his role with HIG post-closing.

Meta Platforms Inc. and BlackRock Inc. plan to build a 1-gigawatt data center complex in Texas that will cost about $14 billion to develop, adding to a wave of investment in the computing hubs that power artificial intelligence. The facility will go online in 2028 with Meta as the initial sole tenant, the company said Tuesday. BlackRock funds will hold an 80% interest in the joint venture, while Meta will retain the remaining 20%. The $14 billion development costs don’t include the cutting-edge chips required to power AI models. A 1GW data center typically costs $35 billion to $50 billion.…

KingsCover Insurance Services, a specialty agency serving churches and ministries, has rebranded as Dominion First Insurance Services, LLC. The name change does not affect ownership, leadership, staffing, or client policies — the agency continues under the same team that built its book of business. Dominion First remains The Agency Partner of Texas Baptists and a Premier partner in the KingsCover Underwriters program. As the program’s largest agency by book of business, Dominion First holds a Premier partner position that it says translates into pricing, terms, and claims-handling advantages other agencies serving this niche cannot match. “As our agency has continued…

France and Spain are studying ways to pump money into regions hit by massive wildfires over the past week even before the conflagrations are fully contained. Spanish Prime Minister Pedro Sánchez said the country’s cabinet will declare the affected areas as “emergency zones” on Tuesday, opening the door to financial aid. In France, Finance Minister Roland Lescure said on Monday that insurers would cover relocation costs for the more than 200,000 people ordered to evacuate, even if there is no damage to their homes. “We will go all out,” French President Emmanuel Macron said late Monday as he met with…

A tugboat captain has pleaded guilty to causing a deadly Miami collision that killed three girls from a sailing camp last summer. Yusiel Lopez Insua, 47, of Miami, pleaded guilty on Tuesday to seaman’s manslaughter, according to court records. The charge carries up to 10 years in federal prison, but prosecutors have recommended a year in prison followed by six months of home detention as part of a plea agreement. A judge will make the final decision. “Three children lost their lives in a tragedy that never should have happened,” U.S. Attorney for the Southern District of Florida Jason Reding…

OpenAI plans to spend tens of billions of dollars on a massive new data center near Savannah, Georgia as part of the ChatGPT maker’s push to keep up with surging demand for artificial intelligence software. The startup has contracted with Georgia Power Co. and secured 3.2 gigawatts of energy for the data center complex in Effingham County, potentially setting the facility up to rank among OpenAI’s largest to date. Several hundred megawatts are expected to come online starting in 2028, with the rest of development extending through 2032. A single gigawatt is enough to power about 750,000 US homes at…

Edison International’s Southern California utility is urging a Los Angeles judge not to find the company liable for property damages from a 2025 Los Angeles wildfire that destroyed more than 9,400 buildings. Southern California Edison argued in a court filing last week that the transmission tower where last year’s deadly Eaton Fire allegedly ignited had been idle for so long, since 1971, that it no longer qualifies as the kind of public infrastructure that triggers California’s strict liability rule for utilities. Utilities across the US West have faced mounting liabilities tied to destructive wildfires that are happening more frequently due…

Ratings analysts at AM Best see the pending acquisition of Safety Insurance Group by Mapfre as “strategically compelling” as both companies have complementary geographic and product profiles. Last week Safety, a property/casualty insurer in Massachusetts and New England, announced it has agreed to be acquired by Spain’s Mapfre S.A. in an all-cash transaction valued at approximately $1.54 billion. AM Best said its ratings for Mapfre operating subsidiaries remain unchanged following the announcement. Mapfre’s rated operating subsidiaries have a Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of “a+” (Excellent). The outlook of these ratings is stable. The…

Formula 1 parent company Liberty Media, which also promotes the Las Vegas Grand Prix, has agreed to a settlement of about $3 million to end a class-action lawsuit brought by spectators regarding the inaugural 2023 race. The opening-night practice session on Nov. 16, 2023, was halted after nine minutes when Carlos Sainz Jr. drove over a water valve cover that severely damaged his Ferrari. Practice didn’t resume until the early morning hours of Nov. 17, ending at about 4 a.m. local time. Fans were removed from the viewing areas before the 90-minute session took place. Those who had tickets for…

A 7.1-magnitude earthquake hit Japan’s southern Kumamoto prefecture on Tuesday, knocking out power to thousands of homes, rupturing roads and leaving some trapped and others presumed dead inside a partially collapsed shopping mall. Speaking to reporters at her office in Tokyo, Japanese Prime Minister Sanae Takaichi said authorities were still assessing the full extent of the damage in the area, which was devastated by a deadly quake a decade ago. (Editor’s note: The earthquake initially was recorded at magnitude 7.1, but the US Geological Survey later reduced it to 6.8, according to news reports). “We have already been informed that…