Posts by Hometown Insurance
People Moves: AIG Appoints Walsh as Executive Vice President and General Counsel
American International Group announced that Patricia (Trish) Walsh will join AIG as executive vice president and general counsel, effective Dec. 1, 2023. Walsh will report to Peter Zaffino, AIG chairman and chief executive officer, and serve on AIG’s Executive Leadership …
Read More BMS Taps Former PartnerRe CEO Clarke as Chair, Completes Investment From Eurazeo
BMS Group, the London-based independent specialty re/insurance broker, announced it has appointed reinsurance executive, Emmanuel Clarke, as chairman, effective Sept. 28, 2023. Clarke succeeds John Hastings-Bass, who remains with BMS as chairman of its UK and International operations. Formerly president …
Read More EU Probes Anesthesia Complication for New Weight-Loss Drugs
European authorities are investigating whether popular weight-loss and diabetes drugs including Novo Nordisk A/S’s Wegovy may be linked to complications during anesthesia. The European Medicines Agency’s safety committee, PRAC, is discussing the potential safety issue during its meeting this week. …
Read More Philips Shares Decline After Reports It Responded Late to Apnea Warnings
Royal Philips NV shares continued their decline after news reports claimed the Dutch company was slow to act on complaints about its machines designed to treat sleep apnea. Philips Respironics first received complaints about its CPAP machines and ventilators in …
Read More Allianz’s CFO to Take Top Job at Generali: Italian Media
Allianz’s Chief Financial Officer Giulio Terzariol is set to leave his post at the German group to take a top job at Italy’s biggest insurer Assicurazioni Generali, two Italian newspapers reported on Friday. Dailies la Repubblica and La Stampa reported …
Read More Tesla Sued by US Agency Over Alleged Harassment of Black Factory Workers
A U.S. civil rights agency sued Tesla Inc. on Thursday, claiming the electric carmaker has tolerated severe harassment of Black employees at its flagship Fremont, California, assembly plant, in charges similar to cases brought by the state and by Tesla …
Read More Plaintiffs’ Attorney Cites ‘Experimental Vehicles’ in Tesla Trial Over Autopilot Fatality
The lawyer representing victims of a fatal crash of a Tesla Model 3 car in his opening statement in court on Thursday blamed the company’s Autopilot driver assistant system, saying that “a car company should never sell consumers experimental vehicles.” …
Read More PE Company Bain Capital Weighs Deal for Advent’s CCC Insurance Software
Bain Capital is weighing a deal for CCC Intelligent Solutions Holdings Inc., the car-insurance software provider controlled by Advent International, according to people familiar with the matter. Bain is among suitors that have expressed interest in acquiring the Chicago-based company, …
Read More DFS: Florida Claims Adjuster Arrested in $11M Scheme that Sent Checks to Conspirators
Additional arrests are expected after a 41-year-old south Florida claims adjuster was charged this week in an elaborate scheme that allegedly rang up more than $11 million in fraudulent insurance payments to hundreds of co-conspirators. Florida’s Department of Financial Services …
Read More INSHUR Partners with Uber on Insurance Products for On-Demand Livery Drivers in Arizona
On-demand insurance platform INSHUR launched its insurance offering for on-demand livery drivers in Arizona, its second state in the U.S. following New York. This comes after the company’s acquisition of American Business Insurance Services in April. The launch in Arizona …
Read More