Texas Issues Warning: Major US Oil Field Faces Threat of Toxic Water Leaks

Texas regulators have raised alarms about the impact of wastewater from fracking in the Permian Basin, the largest oil-producing area in the U.S. They warn that this wastewater is causing a significant rise in underground pressure, which could threaten crude oil production and harm the environment. The Permian Basin generates millions of gallons of wastewater … Read more

Missouri DCI Reports Elevated Uninsured Rates in St. Louis During Tornado Recovery Efforts

The Missouri Department of Commerce and Insurance has released preliminary estimates on the number of uninsured properties affected by the F3 tornado that struck St. Louis on May 16. The tornado, which traveled 23 miles, impacted around 5,000 properties and caused damages estimated at $1 billion. It first touched down in Clayton and moved northeast … Read more

COVU Purchases Uno Insurance Services in Texas

COVU, Inc., a company focused on using artificial intelligence to improve customer service in the insurance sector, has announced its acquisition of Uno Insurance Services. This Texas-based agency is known for its strong presence in Houston’s Spanish-speaking communities and has shown impressive growth through strategic acquisitions. This acquisition marks a significant step for COVU as … Read more

New York City Worker Dies in Hudson River Sewage Boat Explosion

An explosion on a boat carrying raw sewage in New York City has resulted in the death of a longtime city employee. The incident occurred on Saturday morning around 10:30 a.m. near the North River Wastewater Treatment Plant, where the city-owned vessel was docked. Authorities reported that the blast injured another worker, who was taken … Read more

BMS Group Purchases Turkish Brokerage Oria

BMS Group, an independent re/insurance broker based in London, has made a notable move by acquiring Oria Sigorta ve Reasürans BrokerliÄŸi A.Åž., a company located in Istanbul, Turkey. The financial terms of the deal have not been disclosed. Oria, established in 2019, has quickly gained a strong reputation in the insurance market, particularly in corporate … Read more

AIG Reaches Settlement in Lawsuit Against Competitor Dellwood and Ex-Employees

American International Group (AIG) has settled its legal dispute with Dellwood, a new excess and surplus insurance firm founded by former AIG executives. This settlement comes after a lawsuit that began in April 2024, when AIG accused Dellwood and its founders—Michael Price, Kean Driscoll, and Thomas Connolly—of stealing trade secrets and violating employment contracts. The … Read more

Alchemy Insurance Solutions Broadens Its Focus to Include Cultivation

Alchemy Insurance Solutions is stepping up its game in the insurance market for cannabis businesses. As a specialty Managing General Agent (MGA), Alchemy focuses on providing tailored insurance programs for niche industries across the U.S. They have built strong partnerships with A-rated carriers to deliver customized coverage for high-risk sectors, including cannabis operations, self-storage facilities, … Read more

BioLab Will Not Reconstruct Chlorine Plant Due to Previous Incidents of Fires, Explosions, and Toxic Emissions

BioLab Inc. has announced that it will not rebuild its chlorine manufacturing plant in Conyers, Georgia, following a serious fire that occurred on September 29. This decision comes after the company struggled to resume operations at the facility, which has a history of dangerous incidents, including explosions and chemical fires that have affected nearby communities. … Read more