Posts by Hometown Insurance
U.S. P/C Insurers Post Best Q1 Underwriting Result In 17 Years
Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best since first-quarter 2007. Translating to an aggregate underwriting profit of …
Read More UK Financial Watchdog to Publish Industry Bullying, Sexism Update in Autumn
Britain’s markets regulator will publish an update in autumn into how companies are detecting and dealing with sexual harassment, bullying and other non-financial misconduct, a senior official said on Wednesday. Steve Smart, the joint head of enforcement at the Financial …
Read More EU’s Anti-Money Laundering Authority Is Now Official; Candidates for Chair Can Apply
The regulation that sets up the European Union’s new agency to combat money laundering went into force on Wednesday, and the authority already has its first job posting: the position of chair. Candidates have until July 8 to apply to …
Read More Dellwood Insurance Files to Dismiss Case Brought by AIG
Dellwood Insurance Group has filed to dismiss a lawsuit filed against it by American International Group, who it says is using the court system “as a cudgel to crush a fledgling startup.” According to the motion filed last week in …
Read More People Moves: Wyrick Joins Powers Insurance & Risk Management; Western National Adds Archulaeta and Jenson to Leadership Team
Wyrick Joins Powers Insurance & Risk Management Powers Insurance & Risk Management, headquartered in St. Louis, hired Kelsey Wyrick as a personal lines account manager. Wyrick’s responsibilities include managing personal lines accounts, retaining new and renewal clients, and promoting new …
Read More Floodwaters Inundate Midwest, Where Flood Insurance is Rarely In Force
Floodwaters damaged hundreds of properties this week across parts of Nebraska, Iowa, Minnesota and South Dakota as the Midwest recovers from days of intense rainfall. Three days of torrential downpours resulted in as much as 18 inches of rainfall in …
Read More People Moves: QBE Promotes Europe Product Managers for Cyber and Mgmt. Liability/Financial Institutions; Stoop Named Managing Director of DUAL Benelux
This edition of International People Moves details appointments at QBE and Howden’s managing general agency, DUAL Benelux. A summary of these new hires follows here. QBE Promotes Product Mgrs for Cyber and Mgmt. Liability/Financial Institutions QBE European Operations has appointed …
Read More Former Maryland State Employee Indicted in Theft, Insurance Fraud Cases
Maryland Attorney General Anthony G. Brown announced the indictment of a former state employee in two separate cases involving theft and insurance fraud. Shanell Angelia West, of Essex, was allegedly involved in a theft scheme while working at the Maryland …
Read More NTSB Says Norfolk Southern Threatened Agency During Derailment Probe
The chair of the National Transportation Safety Board said Norfolk Southern threatened the board, sought to manufacture evidence and failed to provide documents during its investigation of a 2023 Ohio derailment. NTSB Chair Jennifer Homendy said in extraordinary remarks the …
Read More Minnesota Dam Risks Failure During Wave of Intense US Weather
A dam holding back swollen flood waters in Minnesota was at risk of failure Monday as intense weather buffeted much of the US. The Blue Earth River has cut around the west side of the Rapidan Dam, local officials warned …
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