Posts by Hometown Insurance
Patrick Watkins Receives Drex Foreman Award by IIAT
Watkins Insurance Group announced that Patrick Watkins has been awarded the distinguished Drex Foreman Award by the Independent Insurance Agents of Texas (IIAT). This prestigious accolade recognizes exemplary leadership and significant contributions to the insurance industry. As CEO and majority …
Read More Coverys Launches London Market Insurer, Approved to Write US E&S Business
Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company market insurer, effective June 26. Coverys Ltd. is part of Coverys’ dedicated London platforms which include both insurance company and …
Read More Ryan Specialty Shuffling Continues; McCormack Named CEO of RT Specialty
A day after Ryan Specialty Holdings announced a handful of executive moves following the retirement of founder Patrick G. Ryan, the company continued to promote from within by naming Edward F. McCormack chief executive officer of RT Specialty. McCormack is …
Read More North Carolina, Florida Home Sellers Facing New Flood Disclosure Requirements
As of this week, home sellers in North Carolina must now disclose previous flood damage to properties. And come Oct. 1, Floridians must make similar disclosures, potentially boosting the demand for flood insurance. The North Carolina Real Estate Commission this …
Read More Supreme Court Rejects Challenge to Workplace Safety Agency
The U.S. Supreme Court declined on Tuesday to hear a challenge by an Ohio company to the power of the federal workplace safety regulator as the justices avoided another legal effort to pare back the authority of federal agencies. The …
Read More Delaware Law to Allow Big Investors Greater Sway Over US Corporate Boards
Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms. State lawmakers last week approved a bill that gives a …
Read More Japan Insurers Plan to Sell $3.1 Billion Worth of Honda Shares, Reuters Reports
Japan’s four top property and casualty insurers, along with other financial firms, are planning to sell around ¥500 billion ($3.1 billion) worth of shares in Honda Motor Co., Reuters reported. Tokio Marine Holdings Inc., Sompo Holdings Inc. and two units …
Read More Right-Wing Political Tilt in Countries Across Globe Will Not Derail Climate Action
A political tilt to the right in Europe and a potential Trump presidency in the U.S. will not derail climate efforts as businesses are increasingly locked into green strategies, delegates at London Climate Action Week heard. A big election year, …
Read More China Refines Financial Stability Law to Strengthen Risk Prevention
China’s new financial stability law draft bill improved provisions on financial risks prevention and control, according to draft revisions released on Monday. Revisions to the draft bill underwent the second round of review by China’s top legislature, the National People’s …
Read More Scientists Concerned That a Bird Flu Pandemic Is ‘Unfolding in Slow Motion’
Scientists tracking the spread of bird flu are increasingly concerned that gaps in surveillance may keep them several steps behind a new pandemic, according to Reuters interviews with more than a dozen leading disease experts. Many of them have been …
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