Posts by Hometown Insurance
People Moves: Zurich N.A. Names Chai CRO; World Insurance Associates Names Peterson Chief Growth Officer
Zurich North America names Chai Chief Risk Officer Zurich North America appointed Ann Chai as chief risk officer. She is based in Zurich North America’s Schaumburg, Ill., headquarters. Chai, who previously served as head of finance for U.S. Middle Market …
Read More Melting Greenland Has Lost 1 Trillion Tons More Ice Than Previously Thought
The Greenland ice sheet, an expanse of frozen water about three times the size of Texas, is disappearing much faster than previously thought, according to new research, and the difference may already be affecting the distribution of heat around the …
Read More Near Record Jump in CO2 Emissions This Year Risks Climate Goal
Carbon dioxide emissions are on track for one of the biggest increases on record this year, pushing the planet closer to catastrophic climate change. That jump is the result human-induced pollution, plus the El Niño weather pattern, which weakens the …
Read More Markets/Coverages: Hub International Starts Property Practice
Brokerage Hub International announced Jan 18 that it is today the launch of the HUB Property Practice. Blake Giannisis, who recently joined Chicago-based HUB as executive vice president, will serve as North American property practice leader and will lead the …
Read More Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24
Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, an improvement from 2023, a report by Swiss Re Institute projects both 2024 …
Read More Alera Group Buys Med Mal Insurer CLS Healthcare Liability
Alera Group, an insurance and financial services firm in the U.S., announced the acquisition of CLS Healthcare Liability Specialists. Based in North Palm Beach, Florida, CLS provides malpractice coverage for physicians, surgeons, hospitals, locum tenens firms, nurse staffing firms and …
Read More Robinhood Settles Massachusetts Regulators’ Trading Case for $7.5 Million
Online brokerage Robinhood on Thursday agreed to pay a $7.5 million fine and overhaul its practices to resolve allegations by Massachusetts’ securities regulators that it encouraged inexperienced investors to place risky trades. Massachusetts Secretary of State Bill Galvin filed an …
Read More Safety Investigators Find No Engine Problems With News Helicopter That Crashed
A television news helicopter that crashed in a southern New Jersey forest last month, killing the pilot and a photographer, had no engine problems that would have prevented normal operation, federal investigators said Wednesday. The National Transportation Safety Board released …
Read More Deep Freeze Across South Central US Forces LNG Exporters to Cancel, Delay Cargoes
The recent freeze across Texas and Louisiana disrupted scheduled exports of US liquefied natural gas, temporarily tightening some supply of the heating and power-plant fuel. The Cameron LNG export plant in Louisiana canceled at least one scheduled shipment, according to …
Read More Illinois Manufacturer Faces in $298K Penalties for Safety Machine Violations
An Illinois manufacturer faces $298,000 in penalties after an investigation by the U.S. Department of Labor’s Occupational Safety and Health Administration found the company failed to guard industrial equipment, develop a lockout/tagout program and train workers on machine safety procedures, …
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