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Posts by Hometown Insurance

Elon Musk Must Face Fraud Lawsuit for Disclosing Twitter Stake Late

By Hometown Insurance | October 4, 2023
Elon Musk was ordered by a U.S. judge to face most of a lawsuit claiming he defrauded former Twitter shareholders last year by waiting too long to disclose that he had invested in the social media company, which he later …
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People Moves: One Call Makes Cutler Chief Strategy Officer

By Hometown Insurance | October 4, 2023
One Call, a health care management firm for the workers’ compensation industry, has named Howard Cutler chief strategy and network officer. The Jacksonville-based company said in a news release that Cutler will oversee One Call’s provider network, product management and …
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People Moves: Risk Strategies Adds Bussiere; Pie Insurance Appoints Foglietta as CFO; Palisades Expands Leadership Team

By Hometown Insurance | October 4, 2023
Risk Strategies Names Bussiere Commercial Lines Leader, New York Region Risk Strategies, headquartered in Boston, Mass., appointed Margaret Bussiere as commercial lines leader, New York region. Bussiere brings nearly 25 years of insurance industry experience to her new role. She …
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Selective Insurance CFO Wilcox Resigns; Harnett Named Interim

By Hometown Insurance | October 4, 2023
Selective Insurance Group said its chief financial officer, Mark Wilcox, has resigned to hold the same position elsewhere. Wilcox, also executive vice president, will leave Nov. 3. He will continue in the CFO role under Selective reports third quarter earnings, …
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Philippines Coast Guard Identifies Marshall Islands Oil Tanker in Fatal Collision

By Hometown Insurance | October 4, 2023
Three people are dead after a Philippine fishing boat collided with an oil tanker in what the nation’s coast guard described as an accident near a disputed South China Sea shoal. Survivor accounts of the tanker fit the description of …
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September Broke Global Heat Record by ‘Gobsmackingly Bananas’ Margin: Scientist

By Hometown Insurance | October 4, 2023
The global average temperature for September broke records by such an absurd margin that climate experts are struggling to describe the phenomenon. “This month was — in my professional opinion as a climate scientist — absolutely gobsmackingly bananas,” Zeke Hausfather, …
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Central Bank Test Lab Develops Global Bitcoin Mapping System

By Hometown Insurance | October 4, 2023
A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities a clearer picture on how, when and where the cryptocurrency is used. The Bank for International Settlements (BIS) project, codenamed Atlas, began at …
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4 Billion Pieces of Paper Keep Global Trade Afloat but Fraud Fuels Push to Digitize

By Hometown Insurance | October 4, 2023
They are relatively easy to fake. Frequently get lost. And can add huge amounts of time to any journey. Yet paper documents still rule in the $25 trillion global cargo trade with four billion of them in circulation at any …
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People Moves: Talkowski to Lead Nationwide Middle Market Commercial Lines Team; Showalter New Head of Client Experience at Hub Private Client

By Hometown Insurance | October 4, 2023
Nationwide has hired Kristina Talkowski from CNA to head up its middle market commercial lines business. Starting Oct. 16, she will be tasked with executing Nationwide’s long-term commercial lines insurance strategy for mid-sized businesses. Talkowski has 20 years of insurance …
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Hong Kong’s Typhoon-Related Claims Set to Top Record $500M in 2023

By Hometown Insurance | October 4, 2023
Hong Kong insurance claims caused by natural disasters may climb to a record and exceed $500 million this year should approaching Typhoon Koinu add to this storm season’s damages, according to Bloomberg Intelligence. The city’s heaviest rainstorm on record, coupled …
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