Posts by Hometown Insurance
Arthur J. Gallagher & Co. Acquires Australia’s Edgar Insurance Brokers
Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers. Terms of the transaction were not disclosed. Edgar Insurance Brokers provides commercial insurance products and services in Australia with a client focus of rural and farm, …
Read More Markets/Coverages: WTW Launches Global D&O Excess Facility Called ‘A-Star’
Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new facility provides access to up to £/$/€ 80,000,000 additional capacity for directors & officers liability insurance, ensuring comprehensive protection for …
Read More Port Operator DP World Chips Away at Freight Backlog After Crippling Cyber Attack
DP World Plc is slowly working through a backlog of more than 20,000 freight containers piled up at Australian ports following a crippling cyberattack, as labor strikes impede a return to normal operations. DP World, one of the world’s largest …
Read More Travelers Webinar Focuses on Connecting Gen Z, Independent Agents
Members of Generation Z who have worked with insurance agents believe they are knowledgeable and help them make better choices. Nevertheless, Gen Z is under-tapped in the independent agent channel and over-indexes on direct writers. During a recent Travelers Institute …
Read More Banks, Insurers May Escape EU’s Toughest ESG Regulation So Far
Banks, asset managers and other financial firms have won a reprieve from Europe’s most consequential ESG regulation to date, as a wave of intense industry lobbying pays off. Spain, which holds the European Union’s rotating presidency, has proposed that financial …
Read More Piercing Through Rain, Smoke and Fog: How Radar Satellites See Catastrophes
Executive Summary: The potential for satellite technology to revolutionize claims management has long been recognized but has only recently been realized with technological advancements. Satellite-based data can give the insurer a “head start” on the event, according to Stephen Lathrope …
Read More Federal Court Splits North Carolina Hurricane Insurance Claims
A North Carolina investment firm and its property insurer have each won partial victories in a dispute over hurricane insurance claims that has been in court since 2019. A federal district court judge for Eastern North Carolina dismissed the insured’s …
Read More Dash Cams in Fleet Vehicles are Key to Avoiding Nuclear Verdicts, Risk Managers Say
ORLANDO, Fla. — Cameras. One showing the driver and another facing forward. Those can be the keys to avoiding nuclear verdicts after auto and truck crashes, especially for companies with fleets of vehicles and relatively inexperienced drivers, two Crum & …
Read More Washington Commissioner Issues $607K on Fines for Violations
Washington Insurance Commissioner Mike Kreidler issued fines in October totaling $607,613.35 against insurance companies and insurance producers that reportedly violated state insurance laws and regulations. Following are the alleged violators and a breakdown of their reported fines: Insurance companies AIG …
Read More California Funeral Home Stored Bodies for 4 Years, Deceived Families, Prosecutors Say
The owners of a Colorado funeral home were arrested Wednesday in Oklahoma on charges linked to the discovery of 190 sets of decaying remains at one of their facilities, including some that apparently had been languishing there for four years. …
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