Posts by Hometown Insurance
Delaware Insurance Commissioner Navarro Wins Primary Election
Delaware Insurance Commissioner Trinidad Navarro won this week’s Democratic primary for the post, gaining more than 70% of the vote versus his rival, Kayode Abegunde. Navarro was first elected commissioner in 2016. He served for 20 years with the New …
Read More Swiss Insurer Baloise Eyes Changes in Board of Directors, Chairman Says
Swiss insurer Baloise is considering changes in its board of directors, Chairman Thomas von Planta said on Thursday after the company revealed plans to boost returns to shareholders. “We want to strengthen the insurance expertise on the board,” von Planta …
Read More Burning Houthi-Hit Oil Tanker Set for Fresh Rescue Effort
Specialist salvage teams are set to renew efforts to remove a blazing oil tanker that’s been stuck in the Red Sea for over three weeks after it was attacked by Houthi militants, the European Union naval force in the region …
Read More Coastal Cities’ Growing Storm Vulnerability Fed by Climate Change and Growth
Warm water in the Atlantic Ocean and Gulf of Mexico can fuel powerful hurricanes, but how destructive a storm becomes isn’t just about the climate and weather – it also depends on the people and property in harm’s way. In …
Read More PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit
Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group. Delivering a strong …
Read More Duffy Agency Acquires Neighboring Cowan Agency in Massachusetts
Duffy Insurance Agency, based in Lynn, Massachusetts, has acquired The Cowan Insurance Agency of Haverhill, also in Essex County. The Cowan agency, founded in 1938, is a fourth generation family business now led by Stefanie (Cowan) Guillemette. The independent agency …
Read More Carlyle’s Sedgwick Valued at $13.2 Billion in Investment Deal With Altas
Carlyle-owned claims management company Sedgwick said on Thursday it had secured an investment from private equity firm Altas Partners via a deal that valued it at $13.2 billion. The valuation is much higher than the $6.7 billion Sedgwick was worth …
Read More Tokio Marine Kiln Launches Specialty Reinsurance Division
Tokio Marine Kiln (TMK), the international specialist insurer, announced the formation of a new Specialty Reinsurance division to support the company’s growth ambitions in the sector. The new division will be led by Phil Taylor who will be appointed head …
Read More UK Retailer Tesco Loses Legal Battle Over ‘Fire and Rehire’ of Staff
Tesco was not entitled to terminate some employees’ contracts and offer to rehire them on less favorable terms, the United Kingdom’s Supreme Court ruled on Thursday. Shopworkers’ union Usdaw took legal action against Britain’s biggest retailer after Tesco sought to …
Read More A Continent Ablaze: South America Surpasses Record for Fires
South America is being ravaged by fire from Brazil’s Amazon rainforest through the world’s largest wetlands to dry forests in Bolivia, breaking a previous record for the number of blazes seen in a year up to Sept. 11. Satellite data …
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