Posts by Hometown Insurance
Hiscox Agrees to Sell Motor Insurance Business in Singapore and Thailand
Hiscox Ltd., the Bermuda-headquartered specialist insurer, announced it has entered into an agreement to sell DirectAsia, its motor insurance business in Singapore and Thailand, to Ignite Thailand Holdings Ltd., the parent of the Roojai group of companies. The transaction is …
Read More Insurtech MGA Loadsure Partners With WeatherOptics to Boost Cargo Risk Calculations
Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim of bringing weather intelligence into its risk calculations. Loadsure directly addresses the global freight underinsurance crisis with data powered, AI-priced, …
Read More Cinven Buys Back Eurovita Bonds to Help Avoid Messy Liquidation of Its Insurer: Source
Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with …
Read More Ship Insurance Facility Set Up for Ukraine Grain Exports, Broker Miller Says
A new marine insurance facility for Ukrainian grain exports using the country’s sea corridor has been set up in conjunction with Ukraine’s authorities, insurance broker Miller said on Tuesday. Russia quit a U.N.-backed deal in July to enable exports from …
Read More Businesses Unprepared for Cyberattacks Despite Steady Concern
Cyber risks remain a top concern for business leaders, according to the annual Travelers Risk Index. The top concerns among 1,206 survey participants are, in order, medical cost inflation (60%), broad economic uncertainty (59%) and cyber risks (58%). Travelers reported …
Read More Target Closes Nine NYC, West Coast Stores to Stop Losses From Rising Theft
Target Corp. is closing nine stores in four states to stem losses from rising retail theft. One Manhattan location will be shuttered, along with two in Seattle, three in Northern California and three in Portland, Oregon, Target said in a …
Read More Judge Refuses to Block Venture Capital Fund’s Grants for Black Women
A federal judge in Atlanta on Tuesday rejected a bid by the anti-affirmative activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies to bar a small venture capital fund from awarding grants to businesses run by …
Read More South Florida Public Adjusters Charged with Forging Documents, Defrauding Citizens
Florida authorities have arrested four Miami people, including two licensed public adjusters, on charges that they forged an elderly homeowner’s signature on documents in an attempt to defraud Citizens Property Insurance Corp. out of $57,000. “This is why the rates …
Read More People: Florida-based Risk Services Names Haskell Captive Accounting Director
Florida-headquartered Risk Services, a captive insurance manager and risk retention group service provider, has named Jennifer Haskell director of captive accounting. Haskell, who spent 15 years with the Alabama Department of Insurance regulating captive insurers, was most recently a senior …
Read More Could Appeal Decision in Florida Roof Case Lead to More Expert Witness Challenges?
Universal Property & Casualty Insurance Co. will have to go back to court to show how an insured’s roof expert was in error when he used questionable data and failed to inspect the claimed damage before a south Florida home …
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