Posts by Hometown Insurance
Pennsylvania Says U.S. Deal With Norfolk Southern Falls Short for Pennsylvanians
Pennsylvania officials contend that a $310 million federal government settlement reached with Norfolk Southern Railway Co. over the 2023 train derailment in East Palestine, Ohio does not adequately meet the needs of Pennsylvanians affected by the tragedy. In a letter …
Read More People Moves: QBE Promotes Desch as German General Mgr; Trium Syndicate Taps TMK’s Metsanvirta as Active U/W; Markel Announces Key Hires for Singapore, HK
This edition of International People Moves details appointments at QBE Europe, Trium Syndicate, and Markel in Singapore and Hong Kong. A summary of these new hires follows here. QBE Promotes Desch as German General Manager QBE has named Fabian Desch …
Read More Transit Driver Disabled Due to Overheated Cab Can Keep His $11.6 Million Award
A New Jersey Transit driver who suffered career-ending injuries from overheating after he was ordered to operate a train even though his cab’s temperature was 114 degrees can keep his $11.6 million jury award. Over objections by New Jersey Transit …
Read More How Iran Oil Link Could Complicate Insurance Claims After Tankers Collide Off Singapore
A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources say. What Happened? The Singapore-flagged Hafnia …
Read More China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say
Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said two sources. The regulators, mainly the Ministry of …
Read More Experts Say More Collaboration Needed for Critical Infrastructure Cyber Risk
Insurers continue to grapple with elusive and ever changing cyber risks in the critical infrastructure sector, and Matthew McCabe, managing director for Guy Carpenter’s Cyber Center of Excellence, said he sees a three-party system emerging between insurers, policyholders, and the …
Read More NHTSA: 51 Million Air Bag Inflators Pose Safety Risks Despite Automaker Objections
A U.S. regulator said on Wednesday it still believes that air bag inflators in 49 million U.S. vehicles assembled by 13 automakers pose serious safety risks and it is considering issuing a recall. The issue has been linked to one …
Read More TikTok Sued by US for Allegedly Breaking Kids’ Privacy Law
TikTok was sued by the US for allegedly collecting data on children in violation of an online privacy act, three months after the popular video app sued the government over a law that could ban it across the country. In …
Read More Insurer’s Lack of Repairs Caused Woman’s Death After Ian, Florida Lawsuit Says
Just as another potential hurricane bears down on Florida, the child of a central Florida woman is litigating a claim from a previous storm – Hurricane Ian in 2022. This time, though, the plaintiff claims not only breach of contract …
Read More Legislation Will Provide $100M in Aid to Victims of Wildfires and Flooding in New Mexico
New Mexico Gov. Michelle Lujan Grisham has signed legislation that will provide $100 million in emergency aid to victims of recent wildfires and flooding in Lincoln County. The spending bill includes $70 million for local governments to use as zero-interest …
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