Posts by Hometown Insurance
Massachusetts Businesses With More Than 25 Employees Must Disclose Salary Range
Massachusetts businesses with more than 25 employees must disclose salary ranges when posting jobs, under a new bill signed into law Wednesday that puts the commonwealth in line with 10 other states that already require pay transparency. The new law …
Read More Oil and Gas Power Lines Suspected of Causing Texas Panhandle Wildfires
When a spate of wildfires tore across the Texas Panhandle in February and scorched 20,000 acres of Craig Cowden’s ranch near Skellytown, he decided he had had enough. Cowden took on a second unofficial job: looking for possible fire hazards …
Read More People Moves: JM Wilson Adds and Promotes Transportation Underwriting Team Members
JM Wilson, headquartered in Portage, Michigan, added new members to its transportation underwriting team. Olga Jaquet was promoted to senior transportation underwriter, responsible for underwriting new and renewal commercial transportation risks and working with carrier underwriters and independent insurance agents …
Read More Howden to Acquire Allianz UK’s Musical Insurance Book
Howden, the global insurance intermediary group, today announces that it has agreed to acquire the Musical Insurance book from Allianz UK and will incorporate its customer base and marketing and operations teams into Howden’s established music scheme, Lark Music. Financial …
Read More Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH. Coalition’s offerings became available on Aug. 1, 2024. Cyberattacks and IT system …
Read More UK Financial Firms Spur IPO Optimism as Europe Rebound Stutters
Potential initial public offerings by a slew of UK financial services firms could drive the next stage of Europe’s recovery after momentum in new listings slowed sharply. Such hopes have arisen after Bloomberg reported that backers of Canopius Group are …
Read More Arch Completes Acquisition of Allianz’s U.S. MidCorp and Entertainment Businesses
Arch Insurance North America it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz. Nearly 500 former Allianz MidCorp and Entertainment employees have joined Arch and will provide continuity to clients and brokers as Arch …
Read More Ardonagh’s Geo Underwriting to Acquire Navigators & General
Geo Underwriting, the managing general agency and subsidiary of Ardonagh Advisory, announced it will acquire Navigators & General (N&G) from Zurich UK. Financial details of the deal were not disclosed. Founded in 1921 by Captain William Coombs, a merchant navy …
Read More District of Columbia Sues StubHub Claiming It Inflates Ticket Prices With Deceptive Fees
The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees. The practice known as “drip pricing” violates consumer protection laws in the …
Read More Hurricane Would Blow Through Florida Cat Fund’s Reserves. But That May be OK, Report Says
A report from Moody’s Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund’s reserves, potentially forcing it to place a small surcharge on Florida insurance premiums to finance more debt. But that may …
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