Posts by Hometown Insurance
Markets/Coverages: Ryan Specialty Expands Renewable Energy Offering on Global Basis
Ryan Specialty, the Chicago-based international specialty insurance firm, announced the expansion of its renewable energy insurance offering on a global basis with PERse International, a managing general underwriter based in London. PERse International specializes in both onshore and offshore renewable …
Read More Texas Regulators Suspend Well Permits to Address Rising Earthquake Frequency
The state’s oil and gas regulatory agency last month suspended nearly two dozen permits that let companies inject saltwater water into the ground, a routine industry practice that regulators said has contributed to the rising frequency and magnitude of earthquakes …
Read More Blizzard Knocked out Power and Closed Highways and Ski Resorts in Oregon and Washington
A blizzard pounded mountainous areas of Oregon and Washington on Tuesday, knocking out power and prompting the closure of highways and ski resorts. The Washington Department of Transportation closed two mountain passes: U.S. Route 2, which goes through Stevens Pass, …
Read More Title Insurer Fidelity National Says 1.3 Million Customers Affected by Cyberattack
Title insurer Fidelity National Financial (FNF) said about 1.3 million customers have been impacted by a cyberattack it suffered last November. According to a filing with the U.S. Securities and Exchange Commission, FNF became aware of a cybersecurity incident on …
Read More People Moves: BHSI Taps Holding From Aviva to Lead UK Marine; Ardonagh Specialty Names Goldenberg as Global Commercial Dir.; Lockton Re Adds Yeo, Terry to Cyber Team
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Ardonagh Specialty, and Lockton Re. A summary of these new hires and promotions follows here. BHSI Taps Holding From Aviva to Lead UK Marine Berkshire Hathaway …
Read More Rokstone Launches Kentucky-based TPA for U.S. Agricultural Claims
Rokstone, a specialty insurance and reinsurance managing general agency, has launched a new third-party administrator service based in Kentucky. Part of the Aventum Group, Rokstone said its new Verus TPA will manage Rokstone’s agricultural claims in the United States. Two …
Read More Carolina City Remorseful in $25M Settlement with Wrongfully Convicted Man
CONCORD, N.C. (AP) — A man wrongfully convicted and imprisoned for 44 years has reached a $25 million combined settlement with a central North Carolina city and the state of North Carolina involving a lawsuit accusing authorities of misconduct, the …
Read More People Moves: Marsh Names Hennessy Northeast Leader; Lively Joins Alliant in Boston; ShoreOne Adds Carlson as CFO
Marsh Names Hennessy Northeast Zone Leader Marsh named Patrick Hennessy as zone leader for its eight Northeast offices. Based in New York, Hennessy brings 30 years of insurance brokerage, consulting and management experience to the role, having spent his entire …
Read More SEC Approves Bitcoin ETFs in Watershed for Crypto Market
The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world’s largest cryptocurrency and the broader crypto industry. The Securities and Exchange Commission said it approved 11 applications, …
Read More China Orders Banks, Insurers to Review Cyber and Data Security
China’s financial regulator told its banks and insurers to thoroughly review cyber and data security across all their businesses, underscoring the government’s increased focus on national security and data integrity. In a directive sent at the end of last year, …
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