Author: completebodyneeds

MGA Fusion Specialty Acquired by Asset Manager Arrow Global Arrow Global Group (Arrow), a UK-based investment manager specializing in private credit and real estate, announced its subsidiary Arrow Global Insurance (AGI) has acquired Fusion Specialty Group, a specialist managing general agent. AGI acquired Fusion from POP Group Holdings, the Sydney, Australia-headquartered insurtech conglomerate, for an undisclosed amount. AGI is a specialty insurance platform that underwrites insurance through its own MGAs while also focusing on acquisitions of MGA businesses. AGI was launched in March by Arrow Global Group as a business vertical designed to capture institutional investment opportunities across the insurance…

Omaira Garcia didn’t realize life on her small ranch in Abilene was about to change forever until clouds of dust — kicked up by a mysterious construction next door — began to engulf her home. The Air Force veteran said she was never told about OpenAI’s plans to build its flagship “Stargate” data center directly beside her property until well after construction began in the summer of 2024. Now, the site’s large-scale power plant sits roughly 500 yards from her house — the exhaust stacks of gas-powered turbines clearly visible from her kitchen window. “We weren’t given any time to…

Even as the sun started to set, the day’s heat was still hanging in the air as Annie Woods walked back out to harvest squash and zucchini on her 50-acre farm. Prolonged and intense heat is part of a climate change-driven pattern of weather extremes that has also led to intense flooding and prolonged drought. For farmers, this means shorter planting windows and potential loss of crops because of periods of early-season heat followed by a freeze. “I think it’s pretty safe to assume these kind of heat waves aren’t going away or they’re not freak occurrences,” Woods said. The…

The U.S. National Highway Traffic Safety Administration urged owners of 463,000 Kia crossover SUVs to park outdoors because of fire risks until new recall repairs are completed. Kia said it would recall 463,000 Telluride crossovers in the U.S. from the 2020 through 2024 model years because the front power seat motor may overheat, potentially causing a fire. NHTSA said the vehicles were recalled in 2024 for the same issue and must be parked outside away from buildings and other vehicles until the new remedy is completed. Kia is aware of seven seat fires and 11 seat motors melting, NHTSA said,…

The U.S. Justice Department said on Friday it had filed a proposed settlement with the owner and operator of the Keystone oil pipeline to resolve Clean Water Act violations related to a 2022 rupture in Kansas. Keystone ships Canadian crude from Alberta to the U.S. Midwest and on to the Gulf Coast, and is a key part of Canada’s oil export network. In December 2022, the pipeline spilled about 14,000 barrels of oil into a creek in Washington County, Kansas, the biggest U.S. oil spill in nine years. A resulting probe concluded the pipeline ruptured due to a crack in…

Frank Moran DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, hired Frank Moran Jr. as a production underwriter on its personal lines team. In this role, Moran is responsible for driving submission flow, developing a pipeline for new business opportunities and continuing to build on DeCotis’ market presence across the North Shore, Western Massachusetts and Northern New England. Moran’s insurance career began as a participant in GEICO’s Emerging Leaders program, where he rotated through supervisory roles in various departments, including sales, customer service, planning, underwriting, claims and auto damage, gaining a broad perspective of the insurance industry. Most recently, he…

A real estate agent who tried to price gouge a couple who lost their home during the Los Angeles wildfires was sentenced for false advertising. California Attorney General Rob Bonta announced the sentencing of real estate agent Mike Kobeissi for false advertising, which arose arising out of an attempt to price gouge a couple who lost their home in the Eaton Fire. Related: Edison Gets Mixed Rulings on Bid to Spread Blame for LA Wildfire Kobeissi’s sentence includes 12 months of probation, 100 hours of community service and a mandatory professional ethics course through the National Association of Realtors. He…

As back-to-back heat waves batter the US and Europe, scientific models linking climate change to extreme weather are increasingly important for policymakers and commercial enterprises like insurers. But a growing political backlash aims to undermine their credibility. Climate scientists can now quickly assess how much worse a given extreme-weather event has been made by human-caused climate change. Attribution science, as it’s known, has existed since the early 2000s, but improved computational resources and scientific understanding in recent years have made the findings more useful to policymakers. Some studies can now be completed even as a weather event is ongoing. During…

The developer behind the Midtown Manhattan tower that was evacuated over structural concerns Tuesday says it has a plan to fix the issue, including reconstructing 15 floors that were added to the original building as part of its conversion into apartments. The height of the tower’s 21st floor, which is taller than others at 235 East 42nd St., made two columns more susceptible to load, said Nathan Berman, chief executive officer of developer Metro Loft. Those columns weren’t sufficiently reinforced, leading them to bend and causing some of the 15 cantilevered floors above to sag. Metro Loft now plans to…

Western Europe just experienced its warmest June on record, EU scientists confirmed on Thursday, after an extreme heatwave at the end of the month smashed temperature records, disrupted power supplies and shut schools. Last month was also the second-warmest June globally, and the planet experienced the highest June sea surface temperatures since records began, the EU’s Copernicus Climate Change Service (C3S) said in a monthly bulletin. The average temperature in Western Europe last month was 20.74 degrees Celsius (69.3 degrees Fahrenheit), more than 3 C above the average for June during 1991-2020, the data showed. Copernicus defines the region as…