Author: completebodyneeds

Meta META.O said on Monday its data center in Richland Parish, Louisiana, will expand to 5 gigawatts of compute capacity, with investment in the project increasing to more than $50 billion. The planned data center, known as Hyperion, was earlier projected to deliver more than 2 gigawatts of compute capacity to support training of large language models, the technology behind tools such as ChatGPT. Here are some details: The announcement comes as environmental and consumer groups increasingly push back against the energy-intensive buildout. U.S. environmental law group Earthjustice’s request to investigate the financing of Meta’s Louisiana data center project was…

Mile Auto, an AI-driven MGA, announced its acquisition of Insurance House, Inc. effective as of July 1, 2026. With nearly $100 million in annual premium, the combined organization serves more than 55,000 policyholders and 1,600 independent insurance agencies across 10 states. The acquisition brings together two established and highly complementary businesses. Mile Auto contributes patented artificial intelligence and computer vision technologies that power privacy-focused, mileage-based insurance products. Atlanta, Georgia-based Insurance House adds more than 62 years of MGA expertise and trusted relationships with independent insurance agencies throughout the Southeast. The combined organization will continue operating under the Mile Auto and…

Ryan Specialty Underwriting Managers, the underwriting management division of Ryan Specialty, announced the appointment of Jeff Smith to CEO of newly created Ryan Specialty Renewables effective immediately. Ryan Specialty Renewables is RSUM’s managing general underwriting practice focused on the global delivery of renewable and energy transition solutions. This announcement includes the rebranding and unification of RSUM’s three existing renewable energy MGUs – PERse North America, PERse International and Albus. The MGU rebranding will be completed during the third quarter of 2026. Ryan Specialty Renewables offers clients and capital providers a broad, integrated platform of renewable energy insurance products and services.…

A federal judge in Maryland has sentenced a former Anne Arundel County police officer for his role in an auto-insurance fraud scheme that involved several other officers. Jaron Earl Taylor, of Ft. Washington, Maryland, was sentenced to three years of probation, with the first five months served on home detention, for conspiracy to commit wire fraud. The judge also ordered Taylor to pay $38,670 in restitution to the United States Automobile Association (USAA). Taylor pled guilty to the charge in June. Co-conspirator Michael Anthony Owen, Jr., of Accokeek, previously pled guilty to falsifying records, in connection with the conspiracy. Owen’s…

President Donald Trump said on Monday the United States was reinstating its blockade of Iranian shipping in the Gulf and would ensure the Strait of Hormuz stays open after the two sides exchanged more missile and drone attacks. The latest hostilities followed an announcement by Iran over the weekend that it was closing the strait, and cast further doubt on the viability of an interim deal to halt the war in the Middle East and drove oil prices higher. “The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We are reinstating THE IRANIAN BLOCKADE,” Trump said…

Ohio lawmakers last month passed a bill that aims to protect consumers from catalytic converter theft. House Bill 210 creates more transparent guidelines for businesses, including requiring scrap dealers and other buyers of used catalytic converters to comply with recordkeeping, reporting, and transaction requirements, and establishes penalties for noncompliance. Additionally, the bill makes catalytic converter theft a felony of the fifth degree. Catalytic converter thefts skyrocketed between 2020-22 as a way for criminals to steal precious metals like platinum, palladium, and rhodium and resell them. The number of catalytic converter theft claims peaked in 2022, when there were approximately 45,000…

Marsh Risk said it has launched launched MLOne, a US lead umbrella casualty facility designed to deliver stronger protection and clearer claims coordination for clients operating in an increasingly litigious environment. Designed to sit above any primary casualty program, MLOne consolidates up to $30 million of capacity into a single, quota-share lead umbrella block led by Allianz Commercial. MLOne represents the next evolution of Marsh’s expanding suite of excess casualty facilities that aggregate and coordinate capacity from multiple insurers into a single block of follow-form coverage with a single claims decision maker. Allianz Commercial will assume claims handling for the…

The ship, the Mayuree Naree, was hit by a projectile north of Oman on March 11, killing three people. The remaining 20 crew members were rescued and returned to Thailand about a week later. Former crew members Panithi Tumkaew, Noppadon Wongsuvan and Surades Manpuen filed the lawsuit against Precious Shipping Co. as well as two affiliated companies and the ship’s captain. The lawsuit alleges that the defendants endangered their lives by sailing through the strait despite the security risks, according to their lawyer Kunpat Singhathong. Kunpat said the three men were also dismissed before the completion of their nine-month employment…

Have you ever walked into an insurance conference and realized you already know who half the exhibitors are? Not because you’ve done business with them or met their team, but because you’ve seen their emails, read their articles, noticed their LinkedIn posts, or have seen them at other industry events over the years. That’s not luck. That’s consistency. Consistency doesn’t always have the appeal of a new marketing platform, a viral social media trend, or the latest AI-powered tool promising to transform your business overnight. It’s not necessarily flashy or groundbreaking, and it doesn’t always make for a dramatic conference…

More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to a recent report by Willis, a WTW business. Cyber claims in Focus – Getting value from cyber insurance analyzed 5,500 cyber claims from January 2013 to January 2026 across 95 countries, and around $1 billion in insurer payments. Data breaches are the most frequently reported cyber insurance loss, with malicious data breaches accounting for the majority of incidents. Ransomware losses register the highest financial severity, predominantly driven by the disrupted productivity and prolonged downtime that follows incidents. Third-party vendors…