Posts by Hometown Insurance
Arthur J Gallagher to Acquire Cadence Insurance for $904M
Arthur J. Gallagher & Co. today said it has signed a definitive agreement with Cadence Bank to acquire Cadence Insurance, Inc. for $904 million cash. Baton Rouge, Louisiana-headquartered Cadence Insurance, the second largest bank-affiliated insurance brokerage in the nation, offers …
Read More Owner of California Biolab harged With Mislabeling, Lacking Permits
The Chinese owner of an unauthorized central California lab that fueled conspiracy theories about China and biological weapons has been arrested on charges of not obtaining the proper permits to manufacture tests for COVID-19, pregnancy and HIV, and mislabeling some …
Read More California Insurance Agent Arraigned for Allegedly Stealing from Small Business Owners
Erin Lee McCarroll, 49, of Laguna Beach, California, was arraigned on 27 felony counts including grand theft and forgery after a California Department of Insurance investigation found she allegedly stole more than $62,000 in insurance premiums from at least 10 …
Read More Governments and Firms Should Spend More on AI Safety, Say Top Researchers
Artificial intelligence companies and governments should allocate at least one third of their AI research and development funding to ensuring the safety and ethical use of the systems, top AI researchers said in a paper on Tuesday. The paper, issued …
Read More People Moves: The Hartford Names Deane Chief Claims Officer; Hric Named Inshur’s Director of US Markets; Rokstone Appoints Nukk Head of Marine
The Hartford said Stephen Deane will return to the company as chief claims officer effective Nov. 6 after he spent the last three years at Liberty Mutual Insurance, where he served as executive vice president and chief claims officer, Global …
Read More People Moves: Marsh Names Thurston CEO, UK Risk Mgmt; Lockton Hires Parle, Patrick and McKay in London; MS Amlin Promotes Cleary to Head of Crisis Mgmt
This edition of International People Moves details appointments at Marsh, Lockton and MS Amlin. A summary of these new hires follows here. Marsh Names Thurston CEO, UK Risk Mgmt, Mistry as CEO of FINPRO Marsh, the insurance broker and risk …
Read More Howden Buys Portfolio of Broker in Luxembourg, Acquires Belgium Broker WDR
Howden, the London-based global insurance group, announced it has established a retail presence in the Grand Duchy of Luxembourg with the acquisition of the portfolio of United Brokers S.A., and has strengthened its position in Belgium with the acquisition of …
Read More Faster Melting of the West Antarctic Ice Sheet Is ‘Unavoidable’
The West Antarctic ice sheet is set to melt faster even if the world rapidly cuts emissions, according to a new study. That could lead to more significant sea level rise over the course of centuries. The West Antarctic ice …
Read More Munich Re Lifts Target as Lower-Than-Expected Claims Fuel Profit
Munich Re raised its profit target for the year as lower-than-expected claims helped push earnings in the third quarter past analysts’ estimates. The reinsurer said it expects a profit of €4.5 billion ($4.8 billion) for this year, up from an …
Read More Report: More Founders Talking Cyber Protection With Stakeholders
Compared to last year, more than twice as many startup founders reported talking to their investors and boards about cyber protection often or always, according to a new Embroker cyber risk index. That number reached 83% in 2023, a 42% …
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