Posts by Hometown Insurance
GE Vernova Blames Manufacturing Flaw for Vineyard Wind Offshore Blade Failure
A manufacturing flaw led to a turbine blade failure at the Vineyard Wind offshore project off the coast of Massachusetts this month, the part’s producer, GE Vernova, said on Wednesday. The turbine blade broke on July 13 and left potentially …
Read More Ryan Specialty Announces Unification of Ryan Financial Lines
Ryan Specialty announced the unification of Ryan Financial Lines and the expansion of its product offerings. Ryan Financial Lines’ formation was announced in December 2023. The first phase was implemented in March 2024 with EmergIn Risk rebranding into RFL Cyber. …
Read More People Moves: Vantage Promotes Bellitti as Chief Pricing & Portfolio Actuary, Names BHSI’s Valzania as CUO; AXA XL Promotes Bailey as Head of Professional, Bermuda
This edition of International People Moves details appointments at Vantage Group Holdings and AXA XL. A summary of these new hires follows here. Vantage Promotes Bellitti as Chief Pricing & Portfolio Actuary, BHSI’s Valzania Named CUO Vantage Group Holdings Ltd. …
Read More Illinois Legislature Clarifies How Damages are Calculated Under BIPA to Avoid ‘Annihilative Liability’
A bill (SB2979) amending Illinois’ Biometric Information and Privacy Act (“BIPA”), passed by both houses of the legislature on May 16 and now on Governor Pritzker’s desk, effectively overturns a recent Illinois Supreme Court ruling that could have had a …
Read More Employers Turn to New Technology to Safeguard Workers From Extreme Heat
McKINNEY, Texas (AP) — At the start of every work day, construction worker Charles Smith puts on the essentials: hard hat. Safety glasses. A reflective vest. And a small, watch-like band for his wrist. But rather than track time, its …
Read More Typhoon Gaemi Lashes Southeast China After Pounding Taiwan, Flooding Philippines
Typhoon Gaemi lashed towns on China’s coastal Fujian province on Friday with heavy rains and strong winds as the most powerful storm to hit the country this year began its widely watched trek into the populous interior. The storm, which …
Read More Minnesota School Settles With Professor Fired for Showing Image of the Prophet Muhammad
ST. PAUL, Minn. (AP) — A former adjunct professor on Monday settled a federal religious discrimination lawsuit against a private Minnesota school after she was pushed out for showing a depiction of the Prophet Muhammad in class. Details of the …
Read More Devastating Wildfire Burns Down Almost 50% of Western Canadian Tourist Town
A raging wildfire has devastated the western Canadian tourist town of Jasper, potentially destroying up to 50% of structures, and firefighters were trying Thursday to save as many buildings as possible, authorities said. Jasper is in the middle of mountainous …
Read More How to Outperform: Don’t Outsource Underwriting to MGAs
Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with an analyst who crowned their companies as performance leaders during a recent industry webinar. The short takes: We don’t outsource …
Read More People Moves: Liberty Mutual Names Haase CFO; Peirce to Retire
Julie Haase has been named executive vice president and chief financial officer of Liberty Mutual Insurance, effective Jan. 1, 2025. Haase is currently executive vice president, executive managing director and chief operating officer of Liberty Mutual Investments. She joined Boston-based …
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