A small Texas county outside Dallas approved a one-year moratorium on new data center and energy storage developments, pushing back against the growing number of large-scale projects fueling the artificial-intelligence boom across the state. Hill County had been approached by several data center builders in recent weeks, and feared the potential impact to local water supplies and quality of life, County Commissioner Jim Holcomb said in a meeting Tuesday. The County Commissioners Court passed the pause after hours of negative testimony from people at the meeting. “The data center folks have found a sweet spot in a state that has…
Author: Awais
Hiscox Capital Partners, the division of Hiscox Re that encompasses insurance-linked securities (ILS) investments and quota-share partnerships, has won a US $1 billion mandate from giant Australian investor TCorp, which is the sovereign investment manager for the New South Wales (NSW) public sector, according to a report.Australian institutional markets publication Financial Standard has reported that TCorp’s head of listed and unlisted asset management James Murray told it about the mandate which has been awarded to Hiscox Capital Partners. “We see this as a strategic opportunity to partner with a highly regarded insurer with a strong track record in insurance underwriting,”…
President Donald Trump won’t have to pay an $83 million defamation award to a longtime advice columnist until the U.S. Supreme Court gets a chance to review the case or reject an appeal, according to a court entry Tuesday. The 2nd U.S. Circuit Court of Appeals agreed to a request by one of Trump’s lawyers that it let the president delay the payment to E. Jean Carroll, though it required that Trump post a $7.4 million bond to cover any additional interest costs, a request Carroll’s attorney had made. The appeals court late last month refused Trump’s request for a…
LP Insurance Services acquired the employee benefits consulting practice of Van Noy Consulting Group in Nevada. The deal includes the addition of Terry Van Noy as an employee benefits consultant. Van Noy has more than five decades of leadership and consulting experience across health insurance, managed care and employee benefits. Reno, Nevada-based LP Insurance Services is an employee-owned risk management, insurance services and employee benefits firm with business and individual clients throughout the Western U.S. The firm has offices in Nevada, California, New Mexico and Arizona. Topics Mergers & Acquisitions Auto Was this article valuable? Yes No Here are more…
You’d have to roll back the calendar a few decades to find a time when competitive moves by the nation’s biggest auto and home insurer were described with the phrase, “The big dog is off the porch.” Still, against the backdrop of competition surging in the personal lines insurance market, it was hard for this “mature” journalist not to draw a parallel to the price wars of the late 1990s and AI wars that seem to be revving up in 2026 when reading today’s State Farm media statement detailing the carrier’s “Next Gen Good Neighbor” vision. The statement, as well…
Hedge fund boss Crispin Odey has settled a handful of personal injury claims brought by women claiming sexual assault. Odey bought an end to the claims ahead of a London trial due to start next month, according to a lawyer for the claimants. Another high profile lawsuit for Odey would have aired further details of his alleged assaults spanning decades, while he was at the helm of Odey Asset Management. One of the women claimed she was groped at his mansion where he had invited her along with others for a shooting party just months after he was acquitted in…
Louisiana officials have agreed to a tentative $4.8 million settlement with the family of Ronald Greene, a Black motorist who died during a violent 2019 roadside arrest carried out by five white officers, two people with knowledge of the agreement told The Associated Press. The settlement would end a federal wrongful death lawsuit filed by the family of Greene, whose death drew national attention after the AP in 2021 obtained footage showing Louisiana State Police officers punching, kicking and using stun guns outside the city of Monroe. The settlement is subject to approval by the Louisiana Legislature, said two people…
Mangrove Property Insurance is now aiming to secure up to $111 million of named storm reinsurance protection from its first Buttonwood Re Ltd. (Series 2026-1) catastrophe bond issuance, while the price guidance has been adjusted for each of the tranches of notes being offered, Artemis has learned.Mangrove Property Insurance launched in Florida in early 2025 to offer homeowners’ insurance across the state. The company has also previously written new business and assumed policies from Florida Citizens through its depopulation program. For its first catastrophe bond sponsorship under Buttonwood Re, Mangrove is aiming to secure both occurrence and aggregate reinsurance to protect its…
Rachel Bardon, Chief Underwriting Officer (CUO) at Compre, said its recent participation in George Street Re, QBE Re’s debut casualty sidecar, represents a repeatable and well-diversified book of business, exemplifying the company’s broader strategy as it looks to pursue similar transactions in the future.In an interview with Artemis during our recent visit to Bermuda, Bardon explained that the George Street Re sidecar marks a strong first transaction for Compre in the space, noting that that the firm’s participation benefits the cedent by expanding the pool of potential investors. She said: “If there are other investors whose fund life doesn’t match…
The parents of a man who died of an accidental drug overdose last year sued OpenAI and its founder and CEO Sam Altman in a California court on Tuesday, alleging the man was coached to take a dangerous combination of substances by ChatGPT. Leila Turner-Scott and Angus Scott say their son, Sam Nelson, 19, was using a chatbot for guidance on combining different drugs. They say it encouraged him to take the prescription drug Xanax to treat nausea caused by kratom, an herbal product with opioid-like effects. Related: Family of FSU Mass Shooting Victim Sues OpenAI The combination of those…
For the first time in a generation, college-educated fathers are spending substantially more time on their homes and kids than they did just a few years ago, often cutting working hours to do it. Their changing behavior has revitalized a narrowing of gaps with women — in both unpaid and paid work — that had largely stagnated for more than two decades. Between the three-year period ending in 2019 and the three-year period ending in 2024, college-educated dads boosted time spent on housework and childcare by more than four hours per week, while reducing paid work by six hours, according…
Aon, the global insurance and reinsurance broking group, has announced that it has appointed both Jimmy Mitchell and Adam Rimmer as brokers within the firm’s Global ReSpecialty team, effective immediately.Aon’s Global ReSpecialty division provides specialty reinsurance and retrocession solutions, often engaging with insurance-linked securities (ILS) and collateralized markets on behalf of their client base. Mitchell has been appointed Vice President of Global ReSpecialty, a New York-based role. In this position he will reportedly work with clients to structure global treaty portfolios, leveraging his industry expertise and market relationships in order to broaden access to proportional reinsurance markets. The executive has…
Google has settled with Black employees who alleged systemic racial disparities in hiring, pay, and advancement in a lawsuit filed in 2022. April Curley, a former Google employee, had sued the tech giant for racial discrimination, saying it engages in a “pattern and practice” of unfair treatment for its Black workers. The suit claimed the company steered them into lower-level and lower-paid jobs and subjected them to a hostile work environment if they speak out. Other former Google workers also joined the suit, which later received class action status. “This case is about accountability, plain and simple,” said civil rights…
Corpus Christi residents and businesses — including one of the nation’s largest petrochemical corridors — may be required to cut water use by 25% during a water emergency that city leaders expect to hit by September unless a devastating drought eases. The City Council voted 7-2 Tuesday to give initial approval to a water curtailment plan that would set water limits for different customers, ranging from residents and local businesses to large oil companies. The council is expected to take a final vote adopting the curtailment plan on May 19. City leaders for months have been bracing for a Level…