Author: completebodyneeds

Executive summary: Once seen as niche, the iGaming, or the online gambling and sports betting industry, has come of age — now a regulated global market, expanding rapidly and attracting mainstream attention. In this article, Elizabeth Grima of the specialty Lloyd’s broker New Dawn Risk and Craig Lusher of the IT solutions company Continent 8 Technologies argue that resilience, trust and innovation will define the sector’s next phase of growth: with insurance and cyber protection as its twin pillars. The iGaming industry has matured into a regulated global business, one of the fastest growing areas of the entertainment industry, home…

Australia’s Steadfast said on Thursday that Amwins Group and Dragoneer Investment had reaffirmed their takeover proposal valuing the insurance broker at A$7.7 billion ($5.34 billion), prompting a four-week extension of the exclusivity period. Here are some details: The consortium reaffirmed its offer of A$6 per share, which values the Sydney-headquartered firm at an enterprise value of A$7.7 billion. The offer price represents a 52% premium to the last closing price before the original proposal was tabled. The current bid marks the third and highest approach after earlier offers of A$5.50 and A$5.83 per share failed to secure an agreement. Under…

Vermont Mutual Insurance Group, headquartered in Montpelier, Vermont, named Sarah Jarvis as vice president and chief administrative officer. Jarvis joins from Union Mutual, where she led human resources and also served as senior vice president of legal and regulatory affairs and corporate secretary. Before entering the insurance industry, Jarvis served as a staff attorney for the Vermont League of Cities and Towns. She also held roles as chief of staff at Goddard College, staff attorney in private practice, and deputy state’s attorney in the Washington County State’s Attorney’s Office. Jarvis will lead all human resources responsibilities and serve in a…

A judge rejected Southern California Edison’s attempt to shift blame to Los Angeles County for allegedly failing to ensure timely evacuation alerts that the company says could have saved most of the 19 people who died in a massive wildfire last year. But the state judge said the utility can pursue its claims that the county created a “dangerous condition” by failing to prevent overgrown vegetation in the Pasadena area where the Eaton Fire ignited in January 2025. SoCal Edison, a subsidiary of Edison International, faces suits from more than 10,000 plaintiffs over claims that its power equipment sparked the…

Apple plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with Broadcom that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday. Broadcom disclosed on Monday it had secured a long-term supply deal through 2031 with the iPhone maker. On Wednesday, Apple said the deal will involve a radiofrequency chip called FBAR filters that will help Apple devices communicate wirelessly and which Apple has been working with Broadcom to develop since at least 2023. As part of the deal, Broadcom will spend $1.5 billion to expand…

Traffic through the Strait of Hormuz came to a near standstill on Thursday, after the US struck Iran for a second straight day as a fragile truce between the two sides looked increasingly shaky. Observable movements in the world’s most vital energy conduit largely occurred along an Iran-approved route nearer to the waterway’s north, while the US-supported Omani corridor was quiet, ship-tracking data show. Among larger vessels, only a US-sanctioned supertanker heading out of the Persian Gulf was seen in the strait, alongside an Iranian-flagged container ship. It’s possible that some vessels may be crossing with their transponders turned off,…

A former strength and conditioning coach at Bucknell University was charged Monday in the death of a football player who collapsed during training, according to the Pennsylvania Attorney General’s office. Calvin “CJ” Dickey Jr. was a freshman training in July 2024 at the university in Pennsylvania when Mark Kulbis told him and other football players to do 100 “up-downs” along with some full-body plank drills, according to the attorney general’s office. Dickey had sickle-cell trait, a medical condition that can increase the risk of serious injury or death following extreme exertion. Dickey, who had been recruited to play lineman positions…

New York City building regulators said the conversion of a Midtown Manhattan office tower into residences must be paused while officials investigate what caused columns inside the building to fail, leading to a massive emergency response that briefly shut down one of the busiest corridors of the city. The Department of Buildings issued a partial stop-work order to halt all non-emergency construction at the site, where steel columns buckled on the 21st floor, causing structural damage on multiple others levels of the building. “Stop all construction activities on entire jobsite except for emergency work,” said the order, which was posted…

Employees who were killed and injured when a powerful tornado struck a Kentucky candle factory in 2021 are not necessarily limited to the workers’ compensation exclusive remedy, a Kentucky appeals court said in a decision that could have far-reaching impact for employers and commercial liability insurers. The Kentucky Court of Appeals found that the workers can sue Mayfield Consumer Products and a supervisor for damages because the employer had threatened the workers with termination and had unlawfully intimidated or restrained them from leaving the building before the EF-4 twister struck. The storm destroyed the entire structure and trapped multiple workers…

Two Florida-based heavyweights in insurance investigations have merged part of their operations, creating what they say is now the largest insurance fraud investigation firm in the country. Command Investigations, based in Lake Mary, Florida, with 900 investigators across all U.S. states, announced it has acquired the insurance investigations division of Jacksonville-headquartered CoventBridge Integrity Systems. CoventBridge, founded in 2016, provides investigative technology and works with 200 carriers, third-party administrators and self-insured companies, the firms said in a news release this week. Terms of the deal were not disclosed. Brown Gibbons Lang & Co., an investment bank, was the financial advisor in…