Posts by Hometown Insurance
Howden Acquires Dutch Broker VLC & Partners
Howden, the London-based global insurance group, announced the acquisition of VLC & Partners Holding B.V., one of the largest independent insurance brokers in the Netherlands. Financial details of the transaction were not disclosed. The business is currently under the ownership …
Read More Wisconsin Department of Natural Resources Launches Grant Program to Combat PFAS
MADISON, Wis. (AP) – The Wisconsin Department of Natural Resources is creating a new grant program to help small public water systems reduce PFAS and manganese contamination levels. The DNR announced Monday that it will begin accepting applications for grants …
Read More Texas Woman Sues Doctor Over Unwanted Pregnancy
Grissel Velasco didn’t want more kids. In 2014, Velasco — 31 years old at the time — was expecting her third child, and was receiving care at Sun City Women’s Health Care in El Paso, owned by OB-GYN and then-El …
Read More Google to Pay $700 Million to US states, Consumers in App Store Settlement
Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store – the same issue that went to trial in another case that could result …
Read More Allianz Sponsors Catastrophe Bond for European Windstorm Risks
Allianz has sponsored a new catastrophe bond which will provide the group with multi-year risk transfer capacity of €250 million to protect itself against European windstorms. Allianz entered into a three-year reinsurance agreement with Blue Sky Re DAC, a special …
Read More A&E Loss Payouts on the Rise; Reserves Will Run Off in 8 Years
A new AM Best segment report details asbestos and environmental (A&E) losses and reserve decline through the end of 2022. AM Best maintains its estimate for net asbestos losses at $100 billion and environmental losses at $46 billion as of …
Read More Automakers Oppose NHTSA Bid to Force Recall of 52 Million Air Bag Inflators
Major automakers including General Motors, Toyota Motor and Volkswagen and two air bag makers said on Tuesday they oppose the U.S. auto safety regulator’s bid to require the recall of 52 million air bag inflators. Officials with the U.S. National …
Read More Gas Eyed as Source of South Florida House Explosion that Injured 4
WEST PARK, Fla. (AP) — Four people were injured in an explosion early Tuesday that severely damaged a Florida house, authorities said. Investigators were focused on gas as the possible cause. The Broward Sheriff`s Office said in an email the …
Read More UK to Sign Deal Boosting City of London’s Post-Brexit Ties to Switzerland
The UK and Switzerland will sign an agreement around financial services on Thursday, a post-Brexit accord to deepen ties between their respective financial centers. Chancellor of the Exchequer Jeremy Hunt will visit Bern to sign it, according to people familiar …
Read More Hawaii Governor’s First Budget After Maui Wildfire Includes Funds for Recovery and Fire Prevention
Hawaii Gov. Josh Green said he was requesting $425 million from lawmakers during the next fiscal year to help Maui recover from August’s wildfires, and millions more to reduce the risk of wildfires statewide. The proposed budget is Green`s first …
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