Posts by Hometown Insurance
Death of Irish Teens in Crash Prompts Social Media Warning
A car crash that claimed the lives of five teenagers in Ireland early Sunday has raised police concerns about the role social media plays in dangerous driving incidents in the country. The teenage boys were driving in a car on …
Read More Climate Damage: The Next Hit to Europe’s Public Finances
Someone will have to pick up the tab for the damage wrought by Europe’s increasingly volatile weather, and with the bulk of those economic losses uninsured, that will be the public purse unless immediate action is taken. This year’s wildfires …
Read More People: Lindberg Whistleblower Obusek to Retire After 30 Years With NCDOI
The North Carolina regulator who raised the first red flags about now-imprisoned insurance executive Greg Lindberg’s business practices has decided to retire after 30 years with the state Department of Insurance. Jackie Obusek, who has been chief deputy insurance commissioner …
Read More Luigi Mangione’s State Murder Trial Postponed Indefinitely
Luigi Mangione’s New York State murder trial in the killing of UnitedHealthcare CEO Brian Thompson, which was slated to begin Sept. 8, has been postponed indefinitely as his lawyers seek to have the case thrown out on double jeopardy grounds …
Read More People Moves: Aon CFO Reese Steps Down After 2 Years, Succeeded by Virana in Interim Role; Miller Bermuda Taps Gallagher’s Vickers as Senior Director, Property
This edition of International People Moves details appointments at the brokers Aon and Miller Bermuda. A summary of these new hires follows here. Aon CFO Reese Steps Down After 2 Years, Succeeded by Virana in Interim Role Insurance broker Aon …
Read More Trump Agencies to Set Crypto Policy as Bill Stalls, Limiting Industry’s Gains
As sweeping U.S. crypto legislation stalls, President Donald Trump’s regulators are set to fill the void, but efforts to write favorable rules for the digital asset industry will be contentious and could be overturned by future administrations. Deep-pocketed crypto companies …
Read More Judge Nixes Uber’s RICO Suit Alleging NY Lawyers, Doctors Conspired on Auto Claims
A federal judge in New York has dismissed a racketeering lawsuit by ride-sharing firm Uber against several injury law firms, doctors and pain clinics alleging they conspired to extract inflated auto insurance claims payments through staged accidents, unnecessary surgeries and …
Read More Mississippi Revokes 59 Agents’ Licenses for Residency Misrepresentation
The Mississippi Insurance Department has revoked the licenses of 59 insurance producers after they reportedly gave false information about their residences and then failed to show for a hearing. “The evidence is clear, these agents don’t live in Mississippi. They …
Read More Munich Re, Lloyd’s Top List of 50 Largest Global Reinsurers: AM Best
Munich Re has reclaimed its position from Swiss Re as the largest of global reinsurers that use IFRS-17 accounting standards, while Lloyd’s has moved to the top ranking of non-IFRS-17 reinsurers, according to AM Best. Among IFRS-17 reporters, Munich Re …
Read More Miami Votes Today on Fate of Long-Closed Iconic Marine Stadium
The Miami Marine Stadium, considered a masterpiece of midcentury Brutalist architecture with its massive cantilevered roof and a stunning view of the city, opened in 1963 as the nation’s only race venue for powerboats, a major symbol of south Florida. …
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