Posts by Hometown Insurance
People Moves: Markel Announces 2 Key Hires for International Casualty Team; Howden Re Taps Gruen From AXIS as Head of Cyber Threat Intelligence
This edition of International People Moves details appointments at Markel and Howden Re. A summary of these new hires follows here. Markel Appoints 2 Key Hires for International Casualty Team Markel, the insurance operations within Markel Group, announced the appointment …
Read More Virginia Declares State of Emergency in Anticipation of Tropical Storm Debby
Governor Glenn Youngkin declared a state of emergency for Virginia based on National Weather Service and National Hurricane Center forecasts that indicate the state could see significant rainfall and flooding from Tropical Storm Debby. The Virginia Emergency Operations Center (VEOC) …
Read More King Insurance Partners Acquires Lincoln Group in Georgia
King Insurance Parnters, based in Gainesville, Florida, continues to expand with the acquisition of Lincoln Insurance Group in McDonough, Georgia. Lincoln is an independent agency that offers auto, home, life and commercial inurance coverage, King said in a news release. …
Read More Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses
Global insured losses from natural catastrophes totaled US$60 billion during the first half of 2024, or 62% above the 10-year average, according to preliminary estimates from Swiss Re. Severe thunderstorms (mainly in the US) accounted for 70% of insured losses …
Read More EEOC Sues Illinois Contractor for Disability Discrimination
Alto Ingredients, Inc., a manufacturer of industrial and food-grade, corn-based alcohols, violated the Americans with Disabilities Act (ADA) when it terminated an electrician from its campus in Pekin, Illinois, because of his disability, the Equal Employment Opportunity Commission (EEOC) charged …
Read More Former Michigan State Football Coach Sues School Over His Firing
Former Michigan State University head football coach Mel Tucker is suing the university and school leaders, alleging that they wrongfully fired him last year and violated his constitutional rights after he was accused of sexual harassment. The federal lawsuit filed …
Read More Small Tornado Briefly Swept Into Buffalo, Damaging Buildings, Scattering Tree Limbs
A small tornado took Buffalo by surprise Monday, damaging buildings, flipping cars and sending debris swirling over downtown. A spiraling column was caught on multiple videos shortly before 1 p.m. One video showed the cell appearing to move from Lake …
Read More Flooding in Carolinas as Wind Losses Expected to Stay Below Re Retentions
Debby, downgraded to a tropical storm Tuesday, is expected to bring as much as 25 inches of rain and more flooding to parts of the Carolinas this week, exacerbating uninsured flood damage but keeping wind losses within limits. Moody’s, a …
Read More Energy Department Awards $2.2B to Strengthen Electrical Grid, Add Clean Power
The Department of Energy on Tuesday announced $2.2 billion in funding for eight projects across 18 states to strengthen the electrical grid against increasing extreme weather, advance the transition to cleaner electricity and meet a growing demand for power. The …
Read More Viewpoint: Generative AI in Insurance Isn’t Working
The insurance industry is at a pivotal moment in embracing generative AI. According to the ISG Pulse Check State of the European Insurance Industry 2024, insurance firms are actively engaged in generative AI transformations and currently comprise nearly a quarter …
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